Its like the greed is getting in the way of their ability to be more greedy in the future.
late-stage capitalism in a nutshell
We’ve been at the point where the people at the top (who are there only from nepotism/luck) are heavily rewarded for screwing over the thing they’re a part of (and everyone in it) in the long term. And our government fuels the cycle by spending trillions in subsidies and bailouts and stuff for companies after executives & stockholders make them implode.
The people who control for-profit organizations generally don’t have much of an incentive to do what’s best for the company. Just to do what’s best for them and jump ship when things start to go south.
late-stage capitalism in a nutshell
We’ve been at the point where the people at the top (who are there only from nepotism/luck) are heavily rewarded for screwing over the thing they’re a part of (and everyone in it) in the long term. And our government fuels the cycle by spending trillions in subsidies and bailouts and stuff for companies after executives & stockholders make them implode.
The people who control for-profit organizations generally don’t have much of an incentive to do what’s best for the company. Just to do what’s best for them and jump ship when things start to go south.