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Joined 1 year ago
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Cake day: July 1st, 2023

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  • This is kind of true. But the leadership often answers to the board of directors, which have often been shareholders that buy into control of the company after it goes public. At this point, you have shareholders who own no personal stake in a company. Often their only goal is to make a profit, sometimes they’re “serial entrepreneurs” who make their millions getting on boards and “flipping” the company to make a huge profit in a short amount of time.

    So it’s kind of management, but it’s also management brought on by the presence of public investment in a company.

    Combine this with the fact that the law has come down more than once on the side of choosing options that make the company money over maintaining company policy and you get a really terrible culture of publicly traded companies gouging themselves for short term profit (or even long term profit done in a shitty way.)

    Oh, I realize I repeated some of what you said. But you did say “it’s not about shareholders” to be contrarian, then went on to explain (like I did) how it’s actually exactly because of shareholders.

    Edit: what the fuck I literally can’t comment on the comment below.




  • People have to put 2.5x the regular number of hours to afford a single house to themselves. If they wanted to try to spend only 50% of their income on rent (still a stupid ask, but normalized these days.) They would have to share that one bedroom rental with 5 other people! That’s a lot of scheduling to keep that one bed free.

    I kind of agree that communal-ish living should be more normalized in the U.S. but people should at least have their bedroom free. It’s kind of a difficult argument to make when every apartment is built to accommodate one person or a couple and no new property ever gets built with communal living in mind.

    Edit: also, the one bedroom apartment is obviously being used as a benchmark here and not as the plutonic goal for renters.