this post was submitted on 25 Jan 2026
263 points (99.3% liked)

Canada

10977 readers
591 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 5 years ago
MODERATORS
 

Archive: [ https://archive.is/hPZl4 ]

you are viewing a single comment's thread
view the rest of the comments
[–] rImITywR@lemmy.world 4 points 2 days ago (1 children)

What about the current capitalism system makes you think anyone at that level is capable of thinking about long term stability over short term benefits?

[–] plyth@feddit.org 1 points 2 days ago (1 children)

Bezos and Buffett seem to be long-term strategists. Amazon will lose if China and Alibaba become the hegemon. All of Buffett's long-term investments will fail if Chinese companies rule the world.

Managers are judged by quarterly reports, billionaires are not.

[–] kandoh@reddthat.com 2 points 2 days ago (1 children)

What's effectively the difference between Bezos having 100 billion dollars versus having just 8 or 9 billion?

To his lifestyle, what he is able to buy for himself - functionally nothing.

But what happens when the unemployment rate is 14% and interest rates are zero? That's the magic formula for them, that's where they can actually do whatever they want to whomever they want.

When Wayfair employees organized and staged a walkout to protest ICE that freaked out every CEO with lots of white collar employees. When female microsoft employees told the press that Bill Gates was a creepy sex pest to them that freaked out every CEO who saw his position as a way to leverage sex.

[–] plyth@feddit.org 1 points 2 days ago (1 children)

what he is able to buy for himself

To compete with Musk in building rockets.

There are always things that more money can buy.

walkout to protest ICE

That's circular. ICE exists to introduce the new direction

freaked out every CEO

CEOs, but not billionaires. Those with billions can be as creepy as they want as Musk and his bought mothers show.

anyone at that level is capable of thinking about long term

that’s where they can actually do whatever they want

What would that be? Unless they all long for the most depraved sex and immense environmental destruction I don't know what they couldn't do.

They need to keep the army intact or America's power will quickly dissolve. They need to keep people innovative or their army becomes useless with outdated weapons.

Owning a bunch of desperate humans is not fun.

There must be a reason to go along, but it must be something 'good'. People do the most vile things to do something good.

[–] kandoh@reddthat.com 2 points 2 days ago (1 children)

You're giving these people far too much credit. They are of average intelligence, their success hinges entirely on preexisting wealth and a mindset where they always get what they want.

[–] plyth@feddit.org 1 points 1 day ago (1 children)

I think that's a comforting assumption. They are not unfathomable intelligent but they are more intelligent than most people. If they were average, society could reign them in easily.

[–] kandoh@reddthat.com 2 points 1 day ago

I suppose it depends on how dumb you think the average person is. I've worked for the outragously rich and successful and it's definitely not their intelligence that got them where they are. Bezos, Musk, Theil, Gates are all successful because they were in the Right Place^tm^ Right Time^tm^ and have a relentless drive to get what they want.