this post was submitted on 09 Dec 2024
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This guy really proves that there are no good billionaires thing. Being good stopped him from staying a billionaire. Anyone who hoards wealth while others suffer from impoverishment and starvation is evil.
Yep. Those billions are made on the backs of suppressed wages and benefits, more employee productivity with less flexibility, enshittification, etc. It’s “earned” by squeezing it out of others.
I guess he understood that, felt guilty, and wanted to give it "back" to clear his conscience. That's my personal take. I really want to believe there are good people with power and/or money.
That's why its the system that needs to be killed, not billionaires. It doesn't matter if you are good or bad, capitalism is in part a system of forced competition. A CEO who doesn't make the hard calls for the benefit of stockholders will be replaced if he is caught choosing his moral compunctions over profits. A competitor will exploit what he might refuse to, and thus the harm is done and the "good CEO" is drummed out of the system. The only way for a CEO to remain good and a CEO is to never be tested by the markets mad search for profits. This is possible in a small way, like maybe a CEO of a small regional firm which will eventually be bought out or forced out of business. Hell, most of the strictly "moral" repercussions of an executive are hidden from them, and appear only as columns in a profit/loss report. Capitalism alienates us all from the world we inhabit, our humanity and our selves; worker and owner alike.
But regardless of this, the class interests of ceos and employees are in direct conflict. This doesn't mean we need to kill, but we will have to fight to crush their way of life which exists as a result of the mass exploitation and immiseration of millions.
Fully agree.