I've said this for about a decade now: I firmly believe this world we live in now is the inevitable, unavoidable result of having every company run by people with business degrees and no passion for the businesses they run. When your entire education was focused on how to extract one more penny from customers and how to psychologically make addicts out of everyone, this is what we end up with. I fucking hate it. Everything is enshitified and it sucks.

[–] greenskye@lemm.ee 21 points 1 year ago

Agreed, VC have poured free money into excellent, but unsustainable businesses trying to chase 'growth' long enough that they can sell out just before everyone realizes that it won't make money. It's just a scam of rich people preying on other rich people.

Instead of trying to build a self sustaining company to begin with (which requires hard work to balance revenue against customer needs and desires) they build 'free' products that people love, but can't make money, only to switch the company to crappy products that people hate, but now are trapped into using.

Our entire digital economy is built on these bait and switch companies and it sucks

[–] tigeruppercut@lemmy.zip 7 points 1 year ago (1 children)

result of having every company run by people with business degrees and no passion for the businesses they run

You'd think that even soulless business ghouls would've learned somewhere along the way to put a price tag on things like long-term customer loyalty and the soft power of your brand. So either they're too dumb to take all the variables into account or they're looking only at short term gains.

[–] JokeDeity@lemm.ee 8 points 1 year ago

Short term gains, every time. These people will take a dollar today over ten tomorrow every chance because they have tunnel vision and only focus on immediate profits happening RIGHT NOW. Ironically the people most likely to drone on about investments are the least likely to really understand their functionality and what investing time or money into something is supposed to mean and accomplish. Most companies these days feel like their just trying to gobble up enough cash to survive their impending failure, it feels so bleak.

[–] dinckelman@lemmy.world 4 points 1 year ago* (last edited 1 year ago)

We just live in a dystopia. The leadership will milk you dry, for pennies, for short term profits. When you're this greedy, you can't see more than a day into the future. It's just another reminder than corporations aren't your friends

[–] MisterHavoc@lemmy.world 4 points 1 year ago

This angle is absolutely brutal. Never seen it that way.

[–] whoisearth@lemmy.ca 3 points 1 year ago (2 children)

I disagree. This is all the system working as expected. There is no such thing as infinite growth and yet we are conditioned to always need it or else it's a failure.

We are on an ever accelerated race to the bottom.

The definition of success is woefully broken.

[–] JokeDeity@lemm.ee 5 points 1 year ago (1 children)

I feel like we're saying the same thing.

[–] whoisearth@lemmy.ca 2 points 1 year ago

Same thing different rhyming pattern ya.

[–] FlowVoid@midwest.social 3 points 1 year ago

The system may be failing, but "infinite growth" is the natural result of inflation which is intentionally targeted to a positive number.

If you think your salary should keep up with inflation, then you too need infinite growth.

[–] stealth_cookies@lemmy.ca 2 points 1 year ago

Sort of but not exactly, the recent shift is because money has gotten expensive and now investors are wanting to take a profit rather than tossing money around hoping to get lucky. So now these business types are scrambling to do anything that makes the business profitable when their entire business plan was unsustainable without the constant influx of money keeping them afloat under the guise of "growth".

[–] Zink@programming.dev 2 points 1 year ago

I think I disagree a bit. It is the owners of the companies that have no passion for what they do. They just want that particular position in their portfolio to appreciate or spit out dividends.

Then they put the MBAs in charge to get the most efficient use of capital.