this post was submitted on 28 Dec 2023
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A Boring Dystopia

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[โ€“] [email protected] 27 points 9 months ago (15 children)

ITT: a bunch of people who don't understand how dividends work on stock ownership. He's not collecting a salary, Microsoft is not actively paying him, he's just an investor who owns a shit ton of stock.

[โ€“] [email protected] 3 points 9 months ago* (last edited 9 months ago)

The stock market is perverse.

It is supposed to be a tool that allows people to support promising ventures that they believe in, and allows them to profit from the venture if it is successful.

Instead it's a race to the bottom, where companies have a feduciary duty to their investors to make them as much profit as possible. This is the ultimate driver of enshittification.

Adam Smith was a smart guy, but he never saw Milton Friedman coming.

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