this post was submitted on 13 Mar 2024
477 points (97.0% liked)

Technology

59589 readers
2891 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
477
Tech Titans Are the Robber Barons of Our Gilded Age (jacobin.com)
submitted 8 months ago by boem@lemmy.world to c/technology@lemmy.world
26 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] rottingleaf@lemmy.zip 1 points 8 months ago (1 children)

There wasn't significant movable capital either at that time.

[–] PhlubbaDubba@lemm.ee 1 points 8 months ago (1 children)

in the 50s‽ Yeah sure whatever ya say.

[–] rottingleaf@lemmy.zip 1 points 8 months ago (1 children)

Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn't exist back then.

[–] PhlubbaDubba@lemm.ee 1 points 8 months ago

Yeah, instead there was a bunch of fruit companies, IBM, and GM.

The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.