this post was submitted on 05 Nov 2024
284 points (95.2% liked)
Technology
59583 readers
3287 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They're not thinking that far ahead. They're thinking "how can I make the lines go up this quarter?"
No doubt many of them understand that you need people with enough money to buy products or the economy stagnates. But they don't see it as their problem right now. Their problem right now is to make the line go up by any means they can. It's similar to how the owners must understand that climate change will fuck everyone if left unchecked, but they don't see it as their own problem right now, so none of them take any steps to avoid disaster. Capitalism doesn't contain mechanisms for coordinating actions towards the greater good. Instead it creates many "tragedy of the commons" type situations.