this post was submitted on 30 Jun 2023
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To expand on this, it's not just capitalism - it's greed.
Potato potato
@Nollij @breadsmasher
one in the same
money, power, greed - all part of capitalism
Well,greed causes capitalism
I though it's the other way around. Maybe it's both and it's closed circle
And capitalism causes greed!
I don't think "greed" is quite the right word. "Greed" would be the right word if they were trying to make themselves more profitable. But they're not: they're trying to make themselves profitable at all. That's not about greed, but about surviving. You can't survive unless you stop hemorrhaging money at some point.
Maybe the question is "Why do investors invest so many hundred of billions of dollars into companies that cannot be profitable without becoming super-shitty? And why do users join them knowing that they're going to become super-shitty one day?"
No it's just capitalism lol. Every company has to continue reaping in profits for capitalists or else it dies. This is just Reddit's way of doing that.