xejtAug 3, 2024
nixCraft 🐧
I shared this one on other social media platforms, and some tech bros are angry 😡 lol. I never understood why some people worship big corporations so much 🤔 It is not just that these companies are also firing people left and right despite making huge fortunes. They only care about meeting shareholders' bottom lines; everyone else is just a casualty. So much for one big happy family 😵
Aug 3, 2024 at 1:56pmWeb
Show threadDanyAug 3, 2024
@nixCraft The WHY is a thing. I have pondered this many times. Some people have learned that to become rich you need to be focused. That means igoring collateral damage. They do not express is thus, they have different ideas. If you do not make moneys you're not "smart". The word (smart) has been devalued. They do have an ounce of a psychopathic mindset. I guess when we walked around finding food 90% of the time in gangs of 12, such traits could benefit the group. Now it burns down the planet.
Show threadsleepfreeparentAug 3, 2024
@dany_57987 @nixCraft the WHY is structural. In order to have a company you need to funnel wealth upwards, whether that's return on investment, business loan interest, building lease etc. People who get good at (and have no moral qualms about) funneling wealth upwards get materially rewarded for it, and filter upwards in terms of agency. Everyone else gets wealth extracted from them and filters downwards - you can't start a business without capital, you're less able to do whatever it is you wanna do with your life, and are beholden to those who funnel wealth so you have to march to their tune. What you see around you is the result of letting this dynamic play out for hundreds of years
Show threadDocHollidayAug 3, 2024
@nixCraft but if they paid more they wouldn’t have record profits. 🙄
Show threadDr Suzanne she/herAug 3, 2024
@nixCraft capitalism is absolutely genius at brainwashing people. It’s the only way to make it work. We all need to be on board or it would have already failed. I suspect the people that hold up companies as the heroes don’t have well developed critical thinking skills. That’s my take on it anyway.
Show threadCarRamrodAug 3, 2024
@nixCraft The entire Western world embraced neoliberalism back in the 70s/80s and quite literally completely altered all economic markets and industries. At least here in Murica this includes allowing upper management to be paid almost entirely in stock options driven by short-term results. They also legalized stock buy backs at that time, which had always been illegal due to being blatant market manipulation. We then attacked unions and gutted labor protections over time.

The modern economy would be mostly illegal 40-50 years ago and it is geared entirely toward rewarding society's narcissistic sociopaths who can disregard their fellow humans as nothing more than cogs to be abused.

Hell, the Overton Window has shifted so far to the right that the only solutions anyone comes up with are corporate solutions. Where are the ideas and plans for governments to do things themselves rather than create ideas and (flawed) guardrails for corporations to follow?

Remember the old fear mongering ads saying "This is your brain on drugs"? Well, the true and modern version should be:

This is your brain on capitalism. Or as Rick and Morty put it very astutely: It's just slavery with extra steps.

Edit: And don't forget just how horrible it has been that these psychos have all adopted the Jack Welch management philosophy.
Show threadUsama Khan ❇️Aug 3, 2024
@CarRamrod @nixCraft pretty much sum it up by your toot
Show threadDave VolekAug 3, 2024

@nixCraft

We need a new model for commerce.

Check out the "spolu." When a spolu is profitable, it pays its corporate taxes. Then it pays investors, employees, customers, and suppliers. It also pays the philanthropies that show the spolu's values.

In other words, the spolu exists to distribute its profits.

https://davevolekinventions.org/spolu/

Dave Volek :: Spolu

Show threadferricoxideAug 3, 2024
@nixCraft

All while #enshittening their product lines: so, the drones they do keep, they use to actively make their products worse rather than better.
Show threadKevin CaccamoAug 3, 2024

@nixCraft The fact that these tech bros are angry about this must mean that it is true.

Nobody likes having dark truths pointed out to them.

Show threadNewkAug 3, 2024

@nixCraft

Well this is not LinkedIn so FUCK THOSE GREEDY BASTARDS.

Show threadLinky~Aug 3, 2024
@nixCraft They just want teh entire money
Show threadaitorpazosAug 3, 2024
@nixCraft remember that public companies' board is liable if they make decissions that do not maximize shareholders' value. So we get what we "voted" to be written in law.
"Democracy" at its best.
Show threadDibsAug 3, 2024
@nixCraft pisses me off when the media support this narrative by reporting that "X is cutting staff to reduce costs". Yes, it IS going to reduce costs, but only to maintain or increase their profits!
Show threadNina Felwitch Aug 3, 2024
@nixCraft They don't call it "HR" for nothing. To every company, humans are a resource to be exploited like any other.
Show threadLumpenproAug 3, 2024

@nixCraft
You may have already seen this but it’s worth repeating

https://masto.ai/@rbreich/112893981086418575

Robert Reich (@[email protected])

To recap, the Republican Party has opposed: -Paid sick leave -Paid family & medical leave -Universal childcare -Universal pre-K -Tax increases on corporations & the rich -The expanded Child Tax Credit -Student debt relief Doesn't sound like the party of the working class to me.

Mastodon
Show threadHighlandLawyerAug 3, 2024
@nixCraft The purpose of a limited liability corporation is to remove liability from any individual. That has been embraced as meaning moral, not just legal, liability.
Show threadDaniel S. ReichenbachAug 3, 2024
@nixCraft what we need is move to business as a construct to support society instead of a construct solely benefitting from society but not having to give back. The social contract as a whole is just broken here. 20 billion dollars in stock buybacks are just totally out of whack.
Show threadaprilfolliesAug 3, 2024

@nixCraft When I was just a young ‘un and dinosaurs roamed the Earth (1980s), I was an intern/employee at [company]. Apparently I was enough of an employee that they included me in a division meeting with representatives of Management.

During that meeting, one employee asked, “[Company] made large profits recently, but our paychecks stay the same.”

The answer was, “You are *employees*. If you want to share some of the profits of the company, buy stock.”

Show threadDaniel Hinojosa Aug 3, 2024
@nixCraft Tech bros aren't tech they're just ass kissers
Show thread🇺🇸 🇺🇦 🇮🇱 🐧 🥦Aug 3, 2024

@nixCraft

They are probably because they don't want to feel like they are being taken advantage of. They don't like to think they are workers like everyone else.

Show threadmickymorseAug 3, 2024
@nixCraft How many times have you heard "our employees are our most valuable asset" bullshit?
Show threadsteve7457537Aug 3, 2024
@nixCraft I'd like to politely suggest that your brothers in tech do not worship big corporations, but rather they merely disagree and find the overstated claims in the meme annoying.
Show threadKagan MacTane (he/him)Aug 3, 2024
@steve7457537 @nixCraft Well, look who's weighing in with a completely false, bullshit take. It's Mr. Firstname Bunchofnumbers! Surely we should spend lots of time considering his "polite suggest[ion]"!
Show threadpurepresent24Aug 3, 2024
@nixCraft Profit in its most basic definition means benefiting, having a surplus from a factor that is generating this surplus and not reducing it, otherwise it wouldn't be called profit. You're a great 'asset' to this company. The capitalism system is built this way and that is the expected outcome, making profit at the detriment of the working class. Exploiting the latter either via fake glorified or de-glorified manner. Corporate culture attempts to make us think otherwise. What is one to do?
Show threadNahmiaAug 3, 2024
@nixCraft This is a great image. past shows higher wages lead to lower prices due to greater spending. The more money available to common people (not uberrich), causes people to afford more trivial items, trips, etc. Uberrich only want more in their overflowing pockets at the expense of everyone else, including the economy and society.
Show threadDesert PlainsAug 3, 2024
@nixCraft I dunno, either. There's a non-logical worship towards big techs, at a point that colleagues can't understand the practices and how wrong they are, just to satisfy the shareholders happiness...
Show threadPreston von GabbleduckAug 3, 2024
@nixCraft Needs a third button, "Announces layoffs".
Show threadD IngramAug 3, 2024
@nixCraft The game we play each quarter is "how much money did our division make and how many billion did the others lose". Yes, billions.