this post was submitted on 05 May 2024
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I always find it amazing when you hear these insights into the downfall of once huge companies. It's incredible how terrible some people's judgement can be and a lot of these successful people are riding on luck rather than intelligence it seems
All of them, you mean. The people who build quality products are always kicked to the curb by money men who could give a shit.
See: GE, Boeing, Cisco, etc.
Couldn't give a shit, surely
Yeah true, can't argue there
This actually happens to a degree defined by a working court system. And to make that smaller takes not a very complex set of laws, but they should be enforced. While IRL people make new laws when the bad thing is covered by existing ones which it's hard to enforce. As if it will be different with a new more specific law.
So I'm hopeful that anti-monopoly institutions get their shit together. This doesn't have to be this way. It isn't this way always . ATnT has been split at some point. Standard Oil and so on.
Wheels of justice grind slowly etc. If they still do grind faster than more injustice emerges - then they work and eventually those who fuck around find out. Otherwise - well, otherwise it'll be some new civilization after the new middle ages, ha-ha.
Nokia only sold off their consumer mobile phone arm. It was the least profitable part of their business. They're still a massive company and doing quite well.