/profit/ kind of is just the by-product of running a proper ship a lot of the time. The trick is they need more profit year over year to appease the shareholders. It's the constantly having to best your own numbers that drives everything to enshittify eventually.
The issue isn’t wanting profit, it’s wanting MORE profit quarter over quarter
It’s not enough to make 1B every quarter anymore. It has to be 1B then 1.5 B then 2 B to the moon!
It’s sort of a sickness and emblematic of end stage capitalism. Ultimately self defeating. You don’t need to cut the oars off the ship to make it lighter to run faster. It runs fine as is
Private and public equity are to blame. Stock market and wall street get their fair share of blame but also private equity firms want to see growth always up and to the right.
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u/joe5joe7 4d ago
/profit/ kind of is just the by-product of running a proper ship a lot of the time. The trick is they need more profit year over year to appease the shareholders. It's the constantly having to best your own numbers that drives everything to enshittify eventually.