FA_Q2
Gold Member
Of the companies mentioned don't Yahoo, Google, and Facebook get their revenues and profits almost entirely from advertising? Is this the new version of the "American Dream"? To make it big financially by creating a new venue for advertising? One older company had used the slogan "better living through chemistry". Is the contempory equivalent of that "better living through advertising"?Wealth is created by working Americans
They are accumulating a smaller and smaller portion of the wealth that they create
Who is to blame?
Yes wealth is created by working Americans young, old, rich and poor. For example, Billy Gates creates a small software company from nothing in his garage, from which, in part tremendous wealth is generated for hundreds of thousands of people. As another example Apple... Another example, Google. Another example, Yahoo. Another example facebook.
Oh I'm sorry this does not fit your picture of working class people generate the wealth does it?
When do working class people switch from being wealth generators to evil scum sucking rich people? When they become successful?
All provide a service. They get revenue from advertising so that they can provide that service for free. I dont really see why that is some sort of anti American dream. It is quite a brilliant to provide services for free.
Also, advertising is not the only source of revenue that these companies get. I believe that Google returns far more profit in how they stack their search results. You might call that advertising but it is something different. Yahoo offers a variety of pay for services as well though I think that the bulk is through advertising.
You do realize that such a profit source is nothing new right? TV has been doing this for decades. Why is advertising monies different than any other type of profit earned? It is not like they get that money because they are not providing a valuable service. They are able to advertise because they provide a service that draws a million eyes to themselves.