1682
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 21 Nov 2023
1682 points (99.0% liked)
Technology
59086 readers
2311 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
short term. The problem is driving short term profit. In the short term, you profit by abusing your customers. If you considered long term profit, you need to also consider customer satisfaction
No, I stand by what I said.
If you build something well, it will sell itself. You won’t need financial gymnastics to make your company or the product look good.
Stupid financial tactics like stock buybacks (which, as a result of how the stock market works, have a direct positive impact on stock price) should be illegal.
The problem is the focus on profit over and above the focus on literally anything else. That’s what modern corporate leadership has come to understand as the true meaning behind Friedman’s words. And it’s killing our society, our environment, and in many cases, the companies themselves (because the tactics are obviously unsustainable).