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submitted 6 months ago by [email protected] to c/[email protected]
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[-] [email protected] 62 points 6 months ago

This whole LWT segment is a perfect illustration of the transition to late-stage capitalism at the microeconomic level, featuring examples of shareholder primacy, regulatory capture, communication breakdown, and recursive subcontracting. If I was teaching junior college microeconomics (Economics 1B), I'd consider showing this in class or recommending it to my students for viewing.

It really is a good schoolbook example of how a large reputable company goes to shit from the common ailments of real-world capitalism.

this post was submitted on 07 Mar 2024
462 points (96.4% liked)

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