this post was submitted on 20 Nov 2023
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But who will think of the shareholders? They're the real victims.
Shareholders are the faceless masses. Ever since pensions were tongue-punched into oblivion and replaced with 401ks the average folk are the shareholders. Stake shareholders are who you are thinking of, and while they drive the shitty decisions, regular ol' Beth & Martin down the way are also driving enshittification. They want line to go up, too. Because it means more money in their retirement. This entire system is a self defeating, vicious cycle unless you're rich.
Well damn. A fair and nuanced explanation. On the internet, no less. Hadn't thought about that before. Gonna have to readjust some opinions.