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The problem is, essentially, all of the wealth and power is concentrated inside of venture capitalists and rich stock holders. These are people who invest in a
by fzeroracer 3y ago
The problem is, essentially, all of the wealth and power is concentrated inside of venture capitalists and rich stock holders. These are people who invest in a product without actually using or caring about the product, so it leads to perverse incentives to infinitely grow or corner a market at all costs.
Family owned businesses, employee owned businesses, privately owned businesses etc all manage to better avoid this problem because they don't have to listen to outside voices telling them grow or die.
It's not enough to be profitable and successful, but also you need to siphon as much value out of consumers as you can so you can pass along the money to these vultures. Then once the company has picked everything dry, they write it off as a failure and move on.