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Generally speaking, if a corporation is controlled by the finance and sales people, instead of buy the engineering people, the products it makes will suffer fro
by photochemsyn 2y ago
Generally speaking, if a corporation is controlled by the finance and sales people, instead of buy the engineering people, the products it makes will suffer from things like planned obsolescence. Monopolistic control of markets makes this worse, as there's little if any competition to turn to. Boeing is the poster child for this problem in the USA - Boeing relied on monopolistic control of the airplane market, and cut R & D to increase shareholder and executive profits, and was then blindsided by Airbus developments in fuel efficiency, and their response was to try to rush a low-cost development project with disastrous results.
Investment capitalism naturally gravitates towards such behavior; this is why the most disastrous thing SpaceX (compare to Boeing) could do is go public and let big shareholder conglomerates like Vanguard/Blackrock/StateStreet/FMR etc. control the makeup of the corporate board and thus, engineering decisions.