this post was submitted on 20 Aug 2023
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That's an extremely narrow view point I'd say. In my country the government promotes the growth of existing big corporations so that there can be more jobs and infrastructure development - but this has in the end lead to a widening of gap and has essentially only made the rich even richer.
I genuinely believe promoting start ups is better for the middle class than big corporations, as usually startups pay a crazy amount of money if you ask for it compared to what a big rich corpo would give you (ironically).
Start up are a fraud to society. It's funded either by private funds or society. Then either it fails or it succeed, and if it succeed, it's bought by a megacorp or investment fund for cheap until it grows to give even more money to these already rich people.
Results are rich people are richer, society funds the risk of the concept and research, and private corps get the tech to profit from it.
It's capitalism these days anyway : society covers for risks, private investors take the profits.
Most startups are funded by large / rich investors though. It's only when they get public do they get funding from society in general. But by that stage they are no longer a startup.
Not in Europe