this post was submitted on 07 Jul 2023
578 points (97.4% liked)

Technology

59656 readers
3008 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

There's just something fucking hilarious about laying off employees, mocking them, and being sued for improperly firing them -- and then whining that your competitor hired them and that they have access to Twitter information still.

I believe this fits well under the "fuck around and find out" doctrine.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Due explicitly to market behavior unless regulated otherwise, exactly. Most people who build companies do so to make money. When you accumulate enough capital/power, it just becomes good business to use that power to cannibalize your competition if you're able.

What is good for modern business, profit exclusively, becomes explicitly detrimental to the society that provided the infrastructure and conditions for that business to succeed in the first place, which is why such behaviors need to be but are not prohibited.

At this point, our society exists to grow our beloved economy, when the reality is an economy is supposed to just be a lowly tool to better distribute goods and services for the benefit of society and it's citizens.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html

Most stakeholders of American society, its citizens, are not meaningfully among the shareholders our society labors to benefit. The most maddening part are all the exploited Americans who would literally die defending the current system and their own exploitation and that of their family in the name of tradition/blind faith/sunk cost fallacy/the schadenfreude of "I suffered so you should too"/ etc.