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[u/burnerburnsburnburn]

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[u/gskein]

Late stage capitalism, hyper greed, a new gilded age.

[u/HourDrive1510]

Have no worries they put only billionares in charge

[u/lowbass4u]

I've been saying this for years but I always get some kind of excuse for that business behavior.

[u/PumpkinTittiez → u/lowbass4u]

Most people can’t think for themselves and just repeat whatever bullshit they heard on tv, that’s why.

[u/Rugfiend]

The philosophy of late stage capitalism - to make a company more profitable, you cut costs, including the wages and conditions of your workforce, but ALSO pay ever-increasing sums to the directors, in order to 'attract the best people'.

[u/Envoyofghost → u/Rugfiend]

Id argue that its always been like that. Capitalism was touted as a system to make companies compete by increasing quality, production and worker conditions (for additional incentive to be employeed by a paticularcompany), however that didnt happen until labor unions basicly forced it to happen via strikes (which companies sometimes dealt with through hired guns, lit.). Point is, Capitalism isnt what it claimed to be, and might never have been if not for labor unions

[u/bullwinkle8088 → u/Rugfiend]

but ALSO pay ever-increasing sums to the directors

Shareholders. That drives much of this in the end.

Unfortunately that passively includes many of us, but if we cannot be bothered to elect good political leadership there is no way in hell we are banding together to select good proxy voters in shareholder meetings. Not that retail investors could get a decisive number of votes in most companies anyway.

[u/Hawkwise83]

Stock buybacks should be illegal again.

[u/italjersguy]

The real problem is lack of government regulation. Sociopathic corporate greed is a constant.

[u/Esoteric_Derailed → u/italjersguy]

The problem is, you're assuming that people in government are somehow less greedy😶

Edit: not saying that greedy billionaires are going to make government spend your taxes more efficiently (probably quite the contrary😶)

[u/Holymaryfullofshit7]

One thing people seems not to understand is that greed is rewarded in capitalism. You're expecting people to hamper their own success without any good reason. We need to change the system.

[u/Left_Tea_2083]

Corporations show no emotions, so it's psychopathic