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What ever happened to providing a good service? Why does everything have to be a "unicorn"? You greedy capitalists, and billionaires have sucked out the life of
by xyst 1y ago
What ever happened to providing a good service? Why does everything have to be a "unicorn"? You greedy capitalists, and billionaires have sucked out the life of everything — tech, food, airlines.
VC culture, private equity, and "hyper-growth" mentality has screwed over many good companies that once provided good services to the community. Good paying jobs with excellent benefits and providing upward mobility.
Now the labor benefits are shrinking, company loyalty is gone, customers screwed over, labor exploited with minimal in return, rising cost of living, increasing wage disparity, abuse of powers.
One can argue the neoclassical/neoliberal economic theory and "Reagan-omics" that birthed PE/VC culture gave power to the idiocracy we see today.
- Snawoot 1y ago> What ever happened to providing a good service? I'm getting an impression it's just not profitable enough. For many years I get a feeling that business is considered sound only if it is superprofitable (not exactly the right term, but still) in order to cover all losses. Probably it's because of market competition required to be at least noticed. Some companies' spendings for marketing are greater than for R&D, production and operations combined. Maybe we got ourselves into a situation where everywhere competing for low-hanging fruits or trying to make customer believe it's the service they need while all of it doesn't really overlap with real society needs.