Comment by chasd00
3 days ago
> Our societies are driven into a concrete wall at full speed by the financialization of every tiny aspect of our lives. All that matters these days are the gods of the stonk market - screw the economy, screw the environment, screw labor laws, all that matters is appearing "numbers go up" on the next quarterly.
I have been in the various nooks and crannies of the Internet/Software dev industry my whole career (i'm 49). I can't think of any time when the stock market didn't drive software innovation. It's always been either invent something -> go public -> exit or invent something -> increase stock price of existing public corp
> It's always been either invent something -> go public -> exit or invent something -> increase stock price of existing public corp
Yes, but today more and more is invent something -> achieve dominance -> get bought up by an even larger megacorp. That drives the enshittification circle.