Comment by gamesbrainiac
15 days ago
Pretty much all tech stock has 10xed over the past decade. However, the fact that this is being used to justify anything is a problem. The financialized economy has become so powerful that it can treat the real economy with impunity.
If there are no consequences to prioritizing shareholder value at the expense of product utility or ecosystem value, then we are going to get less value from the products that we purchase over time.
This is why the economy doesn't work anymore. We've been swimming in toxic waters for so long that we think it is completely normal to prioritize shareholder value at the expense of everything else; greed is good.
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