419
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Oct 2023
419 points (96.7% liked)
Technology
59312 readers
4915 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- 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, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
It's modern capitalism.
Making 10 million a month for 10 years isn't as good as going from 1 million a month up to 10 over five years.
The important part isn't the total profit, it's the increase in stock price.
This leads to a churn of companies as they're pushed past the breaking point because by then investors have sold and moved on to the next.
The only companies that survive are huge corporations that buy up smaller ones to do the same process.
American society decided that the GE model was not only working, but needed to be generalized.