This is the weirdest goddamned thing I have seen in quite some time. I keep poking at it and finding more weird shit.
Did you know that the reddit marketing team just spent a week in Cannes with a bunch of their big clients congratulating themselves on how well they're all doing?
Did you know that reddit is bragging about those incredibly weird ads that say "Psst... Can't stop scrolling? It's time for a hydration break" as a success story?
What the fuck is this? I don't understand the majority of it but it definitely doesn't sound good. E.g. "Tinuiti joined the Reddit Independent Agency Program in 2022 and has gone on to triple its spend on the platform, managing successful campaigns for clients including e.l.f, PacSun, Unilever Health & Wellbeing Collective, and Yohana."
What is this video? It... honestly makes sense to me that their ads work well comparatively speaking (as I'm sure they did for Gamestop). But that doesn't mean the whole video isn't super weird.
What the fuck do they mean by "a generation turns to Reddit’s finance communities to safeguard their futures" and why do they keep talking about crypto, anxiety, and mental health when offering "insights" about these communities to their advertisers?
Why does the header for their insights about "The LatinX Experience" explain that only 4% of members of the community support the term "latinx," and then the whole thing continues to use it regardless?
Did you guys know about all this weird shit? I literally am having to pull myself away because I keep finding more.
Uh, no. The phone was made by workers. Workers laid the infrastructure and maintain the networks. Workers run the power plant and maintain that infrastructure as well.
Profit happens when the business takes more money than is needed to Do The Thing. That money is then given to people who (generally) have nothing to do with Doing The Thing. These people then take their ~~extracted value~~ profits, and increase their holdings so they can get more.
So, in the extreme case (which is a lot of the US system right now) I 100% agree with you. Trying to squeeze all of the value you can from the employees and the customers, so it can all go to the investors, is a toxic and dangerous tradition that's responsible for a lot of the evils of the modern world. It also leads in some cases to the investors suffering, also, in the not-overly-long run.
I wouldn't say that that automatically makes any profit-seeking enterprise a bad thing though. Like most other things humans engage in, there's a good way to do it and a bad way to do it. It can accomplish wonderful things, like creating these here technological marvels and making them available to more or less everyone, as well as come with significant dangers.
So, if the workers can do the phones / laptops / etc themselves, why haven't they? Nothing's stopping any group of people from creating a phone or laptop that's cheaper because they don't need to pay the investors. Nothing's stopping any collective of people from maintaining their own mesh network that provides internet service without the need for everyone to buy a subscription from somebody.
I would argue that the fact that a lot of the successful stuff that you and I depend on for our daily lives comes from profit-seeking enterprises is itself an argument that that aspect plays an important role in the system that produces the stuff. You and I can have whatever ideological viewpoints we want to have about it, but you have to also look at the real-world outcome and what seems like it works in practice. I would also argue that the prevalence of software that isn't produced by profit-seeking enterprises is an example of "the exception that proves the rule" -- in a domain where it's actually feasible for a much more loosely organized and less financially powerful group to still accomplish great things, their productions compete with and sometime exceeds the centrally-produced stuff in quantity and quality. There are other domains where the socialistically-produced stuff is also obviously the right answer: Highways, clean water, health care, power plants. The lack of the socialistically-produced cars, phones, coffee shops, and so on, is to me a fairly strong argument that in those domains you need a profit motive for the thing to be successful.
I'm not trying to touch off any kind of argument with this comment, just saying how I see it.