this post was submitted on 29 Feb 2024
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I don’t think portraying the execs as just dumb and the general public as mega brains is accurate…
The execs want to strip out value as profit and take actions to maximise this, they don’t care if it fundamentally tanks the business because as long as they make a profit overall they can just drop the husk that’s left at the end and move onto another business they can bleed dry.
It's literally the foundation of neoliberal model capitalism as pioneered by the likes of Jack Welch.