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this post was submitted on 30 Nov 2023
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Funny how we've just accepted that any publicly traded company has to become shit and take no action about it
For a publicly traded company the people who buy their products are not the customers for whom to create value.
Shareholders are the real customers.
People who buy the products become a resource to extract value from.
It's been like that since the Dutch East India company...
Not to defend the shitty companies out there, but in a sense they have no choice. Once you're publicly traded shareholders expect infinite growth at ANY cost to the consumers or the employees of the company. Every single year they expect to see their return increase, even looking like a plateau for a short period is enough to make a huge chunk of the greedy bastards jump ship. IMO shareholders are the number one, most direct and largest cause of the enshitification of everything. Being publicly traded these days is a death sentence for a companies nature and good will.
And its our fault too. Its easy to see shareholders as rich fatcats telling the CEO to "Put MTX in it and make it slow and grindy!", but if any of us have IRAs or retirement accounts, we are the shareholders too. We want the nest egg we set aside to grow, and that leads to the same problem.
That's my point, we just accepted it as a society, no one goes around complaining about what's literally ruining the world. We act like companies decide to be shit just because they're evil but you don't see people debating about how this system is unsustainable