29 points ilamont 4 hours ago 67 comments
Grombobulous 12 hours ago | parent
Funny that we picked democracy for our government but we just left corporations as little feudal kingdoms. It seems like quite the oversight.
In the world of AI I imagine that Automattic’s core business model is in turmoil.
sva_ 12 hours ago | parent
Doesn't this just boil down to planned vs free market economy? I think we've seen over an over again which one works and which one doesn't.
jmull 12 hours ago | parent
thaumasiotes 11 hours ago | parent
Have you asked people in China about this?
sva_ 11 hours ago | parent
dghlsakjg 11 hours ago | parent
Now go look at the 5 year plan from Beijing. Green technology, robotics, mature node chips, and AI are the focuses.
In other words, it isn’t a mistake that China dominates in the industries that it does.
throwup238 11 hours ago | parent
There’s a whole bureaucracy just to coordinate the implementation at the sector, provincial, and corporate level driven by the State Council, NDRC, and NPC. Governments at all levels are involved with coming up with their own implementation plans to execute on the Five Year Plan.
You can trace decades of Chinese industrial development to those plans but the Chinese system is very different from the Soviet central planning mechanism, which is why I think you’re misinterpreting Alibaba’s price competition. The CCP explicitly allows non-state owned enterprises like Alibaba and the manufacturers on it to compete; that’s their whole point within the system, and they operate within the regulatory environment setup to promote the five year plan instead of quotas like the Soviet system. The resolution of the planning is different, but it’s very much there.
edgyquant 11 hours ago | parent
miyoji 11 hours ago | parent
None of this is settled, because it's a living system that changes over time. What may have been perfectly true in 1850 might not be remotely accurate in 2050.
Kuxe 11 hours ago | parent
fwip 11 hours ago | parent
edgyquant 4 hours ago | parent
marcus_holmes 13 minutes ago | parent
shigawire 12 hours ago | parent
miyoji 11 hours ago | parent
Not at all. Market vs planned economy is about how the economy is set up. Are there businesses that offer products that you can choose between? That's a market economy. You can have that with democratic governance of corporations. The workers can own the means of production and you can have a market economy.
You don't need ownership by idiot dictators with money to have a market.
freedomben 12 hours ago | parent
Ianal but I don't think the laws care about governing structure of corps. You can start a new corp and run it democratically all you want. There are co-ops and other interesting structures out there
marcus_holmes 16 minutes ago | parent
Co-ops can have more democratic voting arrangements, and usually have "one shareholder one vote" principles, though other options are available, and you can mess around with how many votes each shareholder gets.
Arnt 12 hours ago | parent
kmeisthax 11 hours ago | parent
Except there's also a bunch of companies with special dual class share structures, where the founder gets way more voting power than everyone else and you can't even buy your way in. A lot of tech companies do this. This is, functionally speaking, an autocracy.
If you want an actual corporate democracy you would need to assign voting rights to everyone working at the company, aka build a co-op. Co-ops are a great corporate structure in a lot of cases but you can't really raise capital that way because VCs all want on your cap table, so all the big companies wind up being plutocracies.
Arnt 10 hours ago | parent
I employed a painter a few months ago, and I decided what colour the kitchen now is.
Timon3 7 hours ago | parent
This is just wrong. As kmeisthax mentioned, shares can have different voting weights - if any at all. Many shareholders have no voting power.
> I employed a painter a few months ago, and I decided what colour the kitchen now is.
Did you actually employ them, or did you buy a specific service?
Arnt 6 hours ago | parent
Timon3 2 hours ago | parent
tirpen 11 hours ago | parent
Congratulations you have reinvented communism from first principles! And you are completely correct in your analysis.
noir_lord 11 hours ago | parent
That's a hilarious leap.
flossly 11 hours ago | parent
Look into https://en.wikipedia.org/wiki/Worker_cooperative
And in Russian I believe such a company is called a "Soviet". They idea that the main part of the economy is run by this kind of organizations is one of the best parts of the USSR's attempt at communism.
noir_lord 11 hours ago | parent
There is a vast range of ways you can regulate a corporation and only some of them qualify as communism.
Germany has worker councils, it's still not communist.
Several European countries have much stricter regulations on how companies behave that moves them from the absolute power fiefdom internal model, guess what, still not communism.
jasonvorhe 11 hours ago | parent
I often have to think of Bane putting his hand on the shoulder of that Ben Mendelsohn character in The Dark Knight Rises while asking if he feels in charge. Reminds me of living in a western democracy.
flossly 11 hours ago | parent
https://en.wikipedia.org/wiki/Worker_cooperative
There have been some govts that mandated this type of organization for part of their economy; we usually refer to that as communism.
(no value judgement here, there are day's when I'm quite a commie myself)
cebert 12 hours ago | parent
delichon 12 hours ago | parent
larodi 11 hours ago | parent
righthand 25 minutes ago | parent
pluc 12 hours ago | parent
zero_shift 11 hours ago | parent
rpozarickij 11 hours ago | parent
Hamuko 11 hours ago | parent
robshep 11 hours ago | parent
scarecrowbob 10 hours ago | parent
NSUserDefaults 11 hours ago | parent
generj 11 hours ago | parent
largbae 11 hours ago | parent
dlcarrier 2 hours ago | parent
imthatsteve 11 hours ago | parent
dlcarrier 2 hours ago | parent
If section 230 only protected from undermoderating and not from overmoderating, then providers would be incentivized to keep every comment up, from scam links to hate speech, because they'd only get in trouble for removing comments and not for allowing them.
marcus_holmes 21 minutes ago | parent
3stacks 14 minutes ago | parent
hellon3wheels 10 minutes ago | parent
BLKNSLVR 7 minutes ago | parent
Flag is for inappropriate content / behaviour.
dang 38 minutes ago | parent
Matt Mullenweg tells Automattic staff in Slack he's back in control after ouster - https://news.ycombinator.com/item?id=49660104 - Sept 2026 (144 comments)
Automattic's board forces CEO Matt Mullenweg into leave of absence - https://news.ycombinator.com/item?id=49636283 - Sept 2026 (372 comments)
(I know there have been many other threads in this long saga but I don't have the time (or the stomach) to try to list them)
p.s. We merged an earlier thread (https://news.ycombinator.com/item?id=49683265) into this one, which is why the timestamps of some of the comments are older.
f33d5173 30 minutes ago | parent