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Costco. Anyway, it's a self-fulfilling prophecy. Companies were told that this was the way to make money, and that they were in fact obligated to operate this
by h2zizzle 1y ago
Costco.
Anyway, it's a self-fulfilling prophecy. Companies were told that this was the way to make money, and that they were in fact obligated to operate this way, by an economic school with ulterior motives. Companies began behaving this way, and lobbying to create a regulatory environment conducive to that behavior. However, it's not natural or even optimal. Many companies treat their employees, customers, AND investors well, and it takes a concerted effort by bad actors during a temporary moment of weakness to shift their policies to the "norm" (not because it's more profitable in the long term, but because such companies represent a threat to the others that would rather enrich investors at everyone else's expense).
Suffice it to say, the idea that the inevitable end state of a corporation is a glorified leech is terminally cynical. And also wrong. And the best way to keep it from happening is to recognize the myth as such, because the people who wish to pervert the common mission of business - provide things and help for people - require that others fail to notice their subterfuge.