The companies that have created the most new value in the last decade, are Internet companies like Facebook, Google, etc. They’ve created hundreds of billions in market value, driving by billions in financial profits. Good for them, but bad for us.
Why? IF these companies represent the most valuable new industry of the early 21st Century, where are the jobs that will provide prosperity for millions today, and potentially tens of millions in the future? They don’t exist. These companies create few real jobs.
The distressing part is that in reality these companies actually employ hundreds of millions of people, particularly young and otherwise un or underemployed superusers. People that work for them day in and day out for free: finding, sifting, sorting, connecting, building, etc.
COGNITIVE SLAVES - Global Guerrillas
Quoted in honour of the laughable idea that Facebook could be “valued” at 33 Billion. No wonder that capitalism seems to be imploding.
Source: globalguerrillas.typepad.com
