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Comment on Millions can no longer afford their rent

The issue is that capitalism doesn’t function in a way that has a “grand plan” that takes the whole picture into account, it’s not incentivised to care about collective sustainability.

The best (profit maximising) way for a single company to operate is to pay as little as possible to employees, and to charge as much as possible to customers.

With all companies collectively doing this, charging more and paying less, then eventually nobody will have anything left and the market will collapse, but even if organisations can predict this and see it is coming, which they surely can, they are individually disincentivised to change and so will not.

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geissi@feddit.de ⁨9⁩ ⁨months⁩ ago

it’s not incentivised to care about collective sustainability.

Not only collective. Most companies don’t even care about their own sustainability.
CEOs working there for some years try to inflate short term ‘shareholder value’ to maximize their bonuses.
The shareholders no longer see themselves as owners who collect dividends but as investors who can just sell their stocks if the price increases.
What happens to the company 5 or 10 years down the road doesn’t matter.

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- teft@lemmy.world ⁨9⁩ ⁨months⁩ ago
  The problem is greed, period.
  
  People want more than what they have and will do anything to get it including burning down the house around them. The attitude is everywhere in modern society and its a serious problem.
  
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  - curiousaur@reddthat.com ⁨9⁩ ⁨months⁩ ago
    Accepting greed is human nature, the baser issue is a system that rewards it.
    
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    Patches@sh.itjust.works ⁨9⁩ ⁨months⁩ ago
    There’s greed and then there’s whatever the fuck a trillionaire is.
    
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crusa187@lemmy.ml ⁨9⁩ ⁨months⁩ ago
It’s so unfortunate too, we could provide that needed incentivization for change through strong consumer-centric regulation, and the corpos would still be making money hand over fist. But, they’ve captured Congress via legalized bribe money, so there’s just nobody home when it comes time to regulate. Washington is willfully asleep at the wheel, dreaming of lining their pockets with “campaign finance donations.”

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