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Why do people keep needing proof that big money runs everything.
Citadel is a hedge fund that owns Melvin Capital Management. Melvin is a $GME Short Seller that is predicted to loose BILLIONS due to people taking the free market back. Citadel owns the app Robinhood. Robinhood banned the purchase of $GME shares, while selling was still allowed. How in the world is that NOT market manipulation?
Why do people keep needing proof that big money runs everything.
Can't repeat this enough. "Its a big club and you ain't in it" - George Carlin. A lot of people are waking up to the coordination between the Oligarchs. Its hardly a surprise. The politicians, their government lackeys and media are in bed with them nice and comfy only feigning outrage when the system appears threatened.
It's called the American Dream because you have to be asleep to believe it.
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There are a few -- Glassdoor, and Google reviews let you post bad reviews of businesses even if they have tons of money. That's not to say I disagree that big money runs things, just that it's not 100%.
Glassdoor is gamed. I've spoken to some multiple HR people who make fake reviews for their employer to counteract some bad reviews. I wouldn't trust it for smaller companies.
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You think Google, the 5th largest company in the world (by mkt cap), has no skin in the game when it comes maintaining the finance industry status quo?
Reasons Google would not want the financial status quo: 1. It tends to retard technical progress. 2. They have to make deals with entrenched incumbents to do finance. 3. There's nothing stopping a hedge fund manipulating Alphabet's stock.
On the other hand avoiding review bombing is a Google Play store business objective, doing it in a half assed reactive way with an algorithm is Google's style, and of course it's also Google's style to not care about customer service nearly enough to wade into a debate about whether a pile on related to genuine upset with an app company's policy is really review bombing
Why do people keep needing proof that big money runs everything.
Earlier quoted context omitted.
There are a few -- Glassdoor, and Google reviews let you post bad reviews of businesses even if they have tons of money. That's not to say I disagree that big money runs things, just that it's not 100%.
IIRC from recent HN threads, Glassdoor is considered to be completely gamed, and the company is in on it. See e.g.: https://news.ycombinator.com/item?id=24789865 .
Why do people keep needing proof that big money runs everything.
It's more complicated than that. Jeff Bezos has a lot of money and relatively little political power. You can't just be rich; you also have to be in the right social groups. If money truly equaled political power, we'd look more like Hong Kong pre-1997 (and arguably pre-2020).