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> Business culture is eating its own young it's not eating its own young. It's externalizing the costs. And it's understandable, because the cost of employees
by chii 2y ago
> Business culture is eating its own young
it's not eating its own young. It's externalizing the costs.
And it's understandable, because the cost of employees are perhaps the largest line item in the budget.
- ozmodiar 2y agoPerhaps it's more accurate to say capitalist culture is eating its own young, due to its fixation on business culture. And I'm saying that as basically a capitalist. Not sure where we go from here.
- entropicdrifter 2y agoAway from unfettered capitalism, clearly.
- sorcerer-mar 2y agoShareholder supremacy is the problem. We can go back to stakeholder capitalism.
- chii 2y agoWhat's the difference? Unless a stakeholder can become a stakeholder without putting in risk capital of course.
- sorcerer-mar 2y agoDo you have a stake in whether your water supply is full of arsenic? Yup! Do you have a stake in whether the people in your community work unsafe jobs for poverty wages? Yup! From Claude: "Stakeholder capitalism is a model where businesses focus on serving the interests of all parties affected by the company's operations - including employees, customers, suppliers, communities, and shareholders. The core belief is that companies should create value for all stakeholders, not just investors. Shareholder supremacy, on the other hand, is a model where a company's primary or sole purpose is to maximize returns for its shareholders. This view, popularized by economist Milton Friedman in the 1970s, holds that businesses have no social responsibility beyond making profits for their owners while following the law." Shareholder supremacy is a recent meme and it's wildly, obviously antisocial.