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No longer science fiction.
Again, we can blame Nixon and Reagan.
One of the things that corporations learned from the Oil Crisis is that the top executives could keep drawing a big salary even if the plants were off shore. Reagan enshrined the idea that as long as there was some guy in a suit pulling the strings, everything was fine and dandy.
Real question here: is it possible to walk all this back from the edge with more ethical companies? I'm thinking co-ops, Mondragon corps, union shops, etc. Basically build businesses that have motivations other than deepening the pockets of VC's and the like, yet have some kind of growth trajectory (or federate with other corps) to gradually subsume the market.
I get that massive funding makes certain things possible, like disrupting the market, or aggressively buying your competitors. And yes, the company charter would have to be bulletproof against hostile takeover, buyouts, and enshitification, in order to go the distance. But is that really all it takes, or am I missing something huge here?
Actually it's your own fault for buying Superproductname. You should have bought Supererproductname. You'd have known this is you'd put in two hours of research only to find out that Supererproductname was discontinued in 1919.
An ice cream maker (I got at Sam's club) had plastic gears. Thing sucked. The gears would break every third batch of ice cream (I make thick custardy ice cream). My grandmother gave me the best gift, which was her ice cream maker from the 70s. Metal gears. Now I'll blow through motors instead of gears hooray.
Apparently that book is from 1978. Exercise for the reader: find the similarities between 1978 and now...
going by the cover from top to bottom: spaceX, tesla, DOGE. hmm...
Its almost like low taxes and loose monetary policy leads to share buybacks and shittier products as the CPI reports rapid deflation and more share buybacks with debt accrual.