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troyvit • today at 4:26 PM • 1 reply • view on HN

I keep getting this feeling that we're in late-stage capitalism because of how all the oligarchs are maximizing extraction:

* Facebook with this and its new scraping rules for business accounts

* Turning Venezuela into a fiefdom

* Skydance merger

and on and on. But it's not late stage. It's just capitalism and we'll be reading about the same behavior 10 years from now.


Replies

xp84 • today at 6:00 PM

Venezuela wasn’t working (for its own people) in its previous state either, so it’s pretty hilarious to talk like America is ruining it.

Ask the average citizen there in a couple years, and if they’re not better off than they were under their dictator, I’ll eat crow.

(No real dispute on the other two examples).

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