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Back in the day, people wanted to build a sustainable, long-term business. Now they just want to create profits, and it often happens by dismantling these great
by renegade-otter 2y ago
Back in the day, people wanted to build a sustainable, long-term business. Now they just want to create profits, and it often happens by dismantling these great decades-old companies brick by brick, until the line don't go up no more. Then you collect your bonus and move on to the next victim. GE and Boeing have been gutted. What valuable company is next?
We live in a time when the incentives are ass-backwards. Your customers should be first, your employees second, and only then, all the way in the back, are your shareholders. When the shareholders are placed first, you find yourself in broken, late-stage capitalism.