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this post was submitted on 22 Mar 2024
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Profits are the goal though, look at the car industry, they have reduced production numbers to increase profits with higher margins.
They dont care about customers, only profits and investors.
The point is that if they get complacent, they get replaced (example: what tesla and new Chinese companies like BYD are doing with the car market)
That doesn't change the fact that you're both not taking the real issue into account; the biggest, wealthiest shareholders are demanding a sustained 25% RoI. That is inherently unsustainable and by design. They want companies to die because monopolies are profitable and the market was booming (until they decided to milk everything dry) so there is money to be made IF you don't value human civilization.
I fucking hate the rich.