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Prioritizing profits is a part of capitalism. Capitalism is simply the private ownership of the means of production, but the interests of the capital owner are
by CrackerNews 3y ago
Prioritizing profits is a part of capitalism. Capitalism is simply the private ownership of the means of production, but the interests of the capital owner are to use capital to accumulate wealth, which leads to exploitation of labor being a method. This is especially so versus the falling rate of growth as an industry matures. The tendency of capitalism then is to consolidate into an oligarchy of major dominant corporations and conglomerations, which is that aforementioned cancerous growth.
Capitalism won out over previous modes because it outcompeted them. Granting laborers some economic power (as opposed to slavery or serfdom) turned out to be an enabler for economic growth.
In the example of WFH, markets could end up winning out in the end as new telework industries outcompete the prior office commute industries. This could end up enabling innovation to be untethered and accelerate.