Mike Masnick ✅Following on @pluralistic's brilliant article about the "enshittification" process of companies, I added in something that I thought was missing from Cory's analysis: the role of "The Friedman Doctrine" that the only thing companies should work for are maximizing profits for shareholders... and highlighting how that leaves out not just other stakeholders, but the important variable of "over what time frame."
Steven KinCannon 🇵🇸@mmasnick @pluralistic capitalism is poison.
@stevenkincannon @pluralistic I don't think that's a fair statement either. Just a very simplistic, childlike view of capitalism.
@mmasnick @pluralistic I stand by my statement and I think it's immature not to understand that capitalism is a scourge whose time has run out. It is responsible for any major social ill you'd care to imagine and many you'd like very much not to think about.
@stevenkincannon @pluralistic Cool. Enjoy.