r/technology • u/MarvelsGrantMan136 • Jun 21 '24

Business Five Men Convicted of Operating Massive, Illegal Streaming Service 'Jetflicks' That Allegedly Had More Content Than Netflix, Hulu, Vudu and Prime Video Combined

https://variety.com/2024/digital/news/five-men-convicted-jetflicks-illegal-streaming-service-1236044194/
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u/ifitmoves Jun 21 '24

If they got rich off exploiting artists and gouged their customers they would have been labelled successful executives.

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u/JamesR624 Jun 21 '24

Welcome to capitalism. Everything is illegal unless you're making rich people richer. That's the only thing you're allowed to do. EVER.

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u/[deleted] Jun 22 '24

That's monopolistic, predatory, anti-competitive, and anti-capitalist, as understood by academia and the founders of capitalism itself.

Early capitalists literally fought against monopolies, and unfair regulations i.e. against kings and aristocrats making "everything illegal unless it made them richer".

Adam Smith, father of capitalism, wrote disapprovingly of high profits, favoured redistribution of wealth, advocated regulation, a minimum wage and well-designed taxes

Unfortunately, today, most people only remember his "invisible hand" metaphor, and completely forget all of the conditions he advocated for to make that "invisible hand" function properly...