this post was submitted on 27 Feb 2025
257 points (99.6% liked)
Technology
73190 readers
4151 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I mean a company does need to make profit. Excessive profits is another thing.
Yeah the "great work guys, we doubled the EBITDA this year. Congratulations!...Here's your 3% raise" kind of sucks
Yup, I agree. But you know, if I don't have that trillion dollars in my bank account yet, I can't afford to give you more.
/s
Nope, any profits not reinvested in the company itself, or the employees is wage theft. Full stop. Capitalism is a scam we've been fed so rich assholes can get richer.
I think it's a bit unfair to blanket statement that capitalism is a scam. There need to be checks in place. Like, I agree it's not fair that me as a business owner can simply say "this year we are skipping raises, and I am paying myself 2 billion". There's no reason any one person needs a trillion dollars. That's an insane amount of money. Even 100 million is a shit ton of money. There definitely need to be checks in place, but I don't think communism is the answer either.
This isn't clear to me what you're saying "nope" to. How I said companies need to make profit? If so, they do. If they do not make profit they lose money, if they lose money they can't reinvest into themselves or pay wages. Or maybe I misunderstand what you meant by "nope".
What's the solution then?
@umbrella @cyberpunk007 Some big UK brands don't run on an "all money is for one guy" model. John Lewis (dept store) and Waitrose (supermarket) are a partnership: the staff own it. Then we have lots of Co-operatives but the main one is mostly known for being a supermarket: member/ownership is £1 and you can vote at the AGM, get discounts and choose charities. It's not perfect - they all exist in a capitalist system - but there are other ways of running businesses that aren't for pure profit.
No they do not. They need to break even only. Profit is the result of charging customers too much, paying employees too little, or enshitification.
No company wants to stay stagnant. They want to grow. You can’t grow if you’re not making more money.
Spending profits on stock buybacks and bonuses is literally the opposite of wanting to grow.
Worker productivity is like holding sand. It you grab it and squeeze it hard, it just runs through your fingers and falls to the ground. But if you cup your hands and support it carefully you can hold on to much larger amounts of it.
Username checks out.