2 ms·
The private profit model works because there are unicorns. The problem is you really can't make a horse into a unicorn and doing so comes at the cost of somethi
by kristopolous 2y ago
The private profit model works because there are unicorns. The problem is you really can't make a horse into a unicorn and doing so comes at the cost of something called "the public good", something that investment capital used to feel an obligation to until about 30 years ago, before everything got Jack Welchified.
It's hyper growth and catastrophic collapse, as a business practice. Investors are in for the growth and the costumers and employees are holding the bag during the collapse.
This practice has come to pollute conventional sectors as well.
Look at the stock ticker $BIG, belonging to the retailer Big Lots or RiteAid.
They'll come in, ride it on the way up through unsustainable debt based growth to make line go up, liquidate their profits and leave it to collapse and burn