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Corporate Greed
(lemmy.zip)
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this post was submitted on 30 Jul 2024
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I like this because it references the concept of greed correctly.
Greed is when self interest gets irrational. Greed doesn’t maximize one’s own profit; greed maximizes one’s own profit today.
Real long term self interest means serving others consistently to create those healthy relationships that in turn serve oneself.
Greed is killing the goose that lays the golden eggs.
Bro droppin Ferengi wisdom
Rule of Acquisition #10. Greed is eternal.
Acquisition Rule.
Unless there's (close to) a monopoly or all players in the market are acting accordingly. For products where simply not buying it anymore is not really a viable option, that greedy approach works out quite fine unfortunately.
It has been working out fine for the greedy so far, but is that really sustainable in the long term? At some point if greed isn't checked, there WILL be violence.
Unless the greedy ones are also those with the biggest army and most effective weapons.
Being the most powerful player isn’t sufficient to prevent opposition. A pufferfish is less powerful than a shark, but the shark still has to respect the pufferfish because the pufferfish can hurt the shark even as it dies.
Even then we're starting to a see a situation where people just don't have money and end up not buying things even if they need them.
Difficult when you're in the R&D department and you know that cost-cutting measures are the primary directive, but you still have to do your job in spite of the harm it could cause. I've met a lot of people with burnout in the food industry. I'm one of them.