this post was submitted on 26 Nov 2023
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Asklemmy
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So you're saying every company should be owned by a single person? If two people want to start a company, it should only belong to one person? That doesnt sound right to me...
Maybe it's more about the legal requirement for infinite profit due to being publicly traded. This has led to such fun things like, rising costs, planned obsolescence, the general enshitification of everything.
The laws says (indirectly) that management must work towards profit. It doesn't specify long term or short term profit, though, and in many cases investors show up specifically for slow but steady returns. There's plenty wrong with capitalism, but it's not pure nonsense. If it was, it'd be really easy to get rid of.
So many people have no idea how finance works, but still comment. It's too bad, because there's things that do deserve criticism, but fly under the radar as a result.