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Comment by OJFord | Hacker News Reader

It's amusing, but also intuitive? When we have companies larger than countries, operating globally, it sort of stands to reason they should be safer bets than any one country - just like selling mortgages to thousands vs. a massive one to one person, or anything else in finance.

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This is just so unbelievably short sited. A country is massively different than a company. A country has the force of law, it has the right to use deadly force when threatened, it can print money, seize assets, tax citizens, jail people, expel people.

Like this isn’t just about money and how much you make, that’s what a company is, a country is life or death, peace and prosperity or war and famine.

JFC…

I don’t think they were advocating for anything, just describing what we have right now.

The statement was that large companies should be “safer” because they are globally diverse, which completely ignores the fact that government and companies are apples and oranges. As long as you are borrowing in the currency you own, you can print money to pay that debt off, maybe it happens like Weimar Germany where you trigger a painful bought of hyperinflation, but the debt gets paid and there is no default. There is not a company in existence that can say the same thing

I don't really follow what you think I was implying - that we should somehow make ourselves stateless subjects of big tech? - but I assure you I wasn't.

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