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The more often capitalism strives to cost reduction and profit-maximizing at the cost of quality -- and sometimes lives --, the more often I think that companie
by selfmodruntime 2y ago
The more often capitalism strives to cost reduction and profit-maximizing at the cost of quality -- and sometimes lives --, the more often I think that companies should rely on non-voting shares far more often, with a promise to not blindly follow profits over all else.
I currently have very limited options if I want to invest my money into an (engineering) quality-first company.
- belter 2y ago> The more often capitalism strives to cost reduction and profit-maximizing at the cost of quality Dumb capitalism only? > Very limited options if I want to invest my money into an (engineering) quality-first company. NVIDIA, Porsche, Tektronix...
- uytersdo 2y ago> Dumb capitalism only? Ah yes, we all love that famous tenet of ‘smart capitalism’: “the more you share the more your bowl will be plentiful”.
- FroshKiller 2y agoNVIDIA? With the melting power connectors on their high-end cards?
- selfmodruntime 2y ago> Dumb capitalism only? More slightly-ethical, hopefully sustainable capitalism. I liked my products pre-enshittification, when they lasted 20 years and were built like tanks. Hark on them all you want, but I‘ve been using my 2016 MacBook for 8 years without problems.
- bananapub 2y ago> I think that companies should rely on non-voting shares far more often, with a promise to not blindly follow profits over all else. sure, but how is that relevant? it's not like the previous CEO of the company was sacked by shareholders because they demanded a 0.05% increase in net revenue.
- selfmodruntime 2y agoIt’s more like CEO‘s are focused on short term gains in order to get shareholders to grant them large pay packages.