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this post was submitted on 14 Sep 2023
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Is it just me or are all big companies killing themself right now?
Not just companies, but countries too. We've apparently reached the Age of Idiocy where everyone that got big is just doing these epic face-plants. I don't know if it's desperation, arrogance, greed, or a combination, but so many shitty decisions coming out left and right all over the place.
Late stage capitalism. You can't expect year over year growth for eternity without running into a resource cap. Profit growth is all the shareholders care about because it's literally written into United States economics laws that investors get paid first. All these dirty tricks and bad decisions are coming from CEO's with limited understanding of the effects of their policies, trying to push for an extra 2% on top of their already obscene margins
It's time we move away from capitalism. :( It was obvious years ago that it's not a sustainable ideology in the long run...