Comment on Google is on the Wrong Side of History.
holdstrong@lemm.ee 1 year agoCorporations just reflect the values of their owners. There are companies that emphasize things other than revenue, but as soon as a company goes public and becomes controlled by Wall Street, profit becomes their sole motivation
This is why the stock market was, fundamentally, a trojan horse. It was created so capitalism could intertwine the peoples wealth and retirement funds to the success of the wealth of the oligarchy, making the entire market too big to fail.
Now the entire system is designed to prevent damage to companies, no matter how moral, unethical, or criminal. The success of corporations IS treated as equal to “national security”.
In the end, the stock market is a natural logical progression from the starts of capitalism, and the situation we are in today is again closer to capitalism logical conclusion
From capitalism’s basic principles, profit above literally everything was always bound to happen. Just how evolution happens through natural selection. It’s a similar process. Because ultimately capitalism is an economic system built on competition, not cooperation.
Vinstaal0@lemmy.world 1 year ago
Yup, but most people have savings or some kind of pension, both are often put into the stock market by the bank or pension fund to give us the interest we want.
We need to try and exercise more of our power as stakeholder in these companies, in the end we still have the power to not use products from these massive corporations. Stop order from shit like Amazon, but go and order from smaller stores, switch search engine and browser, etc.