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submitted 1 year ago by Mex@feddit.uk to c/unitedkingdom@feddit.uk
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[-] ReCursing@kbin.social 8 points 1 year ago

for-profit companies are not the way to drive quality ~~in the tech sector~~ long term

FTFY. For profit companies are not a good way to drive quality and innovation long term anywhere. It works short term as small start ups try to be better than the market leaders to get a market share, but then they become a market leader and the best way to make profits is no longer to innovate. Capitalists will tell you that in an ideal world capitalism would drive other small companies to innovate to become market leaders and thus improve things but because of the disproportionate power capital gives in a capitalist system, the market leaders can squash all but the best new innovators, leading to an overall reduction in innovation or worse a reduction in quality because it;s no longer needed to drive profits

this post was submitted on 21 Oct 2023
84 points (97.7% liked)

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