yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Would You Trust This Corporation?


less than 1m read
·Nov 8, 2024

Imagine being told that the key to social justice is to set up a gigantic Corporation, much larger than any other. This Corporation would have trillions of dollars in revenues. It would have a monopoly on some extremely important market and use that to extend its control into other markets. It would hire men with guns to force customers to buy its product at any price it chooses. It would regularly bomb the employees and customers of corporations in other countries.

Would you trust this Corporation more than any other to work in the interest of society as a whole, to not abuse its power over its customers, to protect them from criminals and from all other corporations? You might have some doubts. Then imagine learning that every adult would be given one share of stock in this Corporation, allowing them to vote for members of the board of directors.

Would this put your doubts to rest? Are national governments very different from this gigantic Corporation? Can they be trusted to selflessly serve and protect the rest of society?

More Articles

View All
Read What You Love Until You Love to Read
Before we go and talk about accountability and leverage and judgment, you’ve got a few tweets further down the line that I would put in the category of continuous learning. They’re essentially: there is no skill called business. Avoid business magazines …
We’re All Equal in Our Infinite Ignorance
Induction also says that prediction is the main reason for the existence of science, but it’s not; it’s explanation. You want an explanation of what’s going on, even if you can’t necessarily predict with any certainty what’s going to happen next. In fact,…
Charlie Munger: 100 Years of Wisdom Summed Up in 12 Minutes
Studying Charlie Munger completely changed my life for the better, and I know it will do the same for you. Munger recently passed away just weeks shy of his 100th birthday, so I wanted to make this video as a tribute to him. I have spent countless hours s…
What Happens If A Star Explodes Near The Earth?
What would happen if a star exploded near the earth? Well, the nearest star to Earth, of course, is the sun, and it is not going to explode, but if it had eight times the mass, then it would go supernova at the end of its life. So what would that look lik…
The Truth About Being Famous
I’m the most hated man in Austria. Nobody knows that I won an award for it. What does it mean to you to be known as Mr. Wonderful? I don’t know how that happened. We’ve been trying to find the tape where that occurred. We think it was an exchange with Bar…
Models of voting behavior | Political participation | US government and civics | Khan Academy
What we’re going to do in this video is start to think about voting behavior. In particular, we’re going to start classifying motivations for why someone votes for a particular candidate. I’m going to introduce some terms that will impress your political …