How Technology Hijacks People’s Minds

Re:How Technology Hijacks People’s Minds by andrei_says_ on Saturday May 21, 2016 @03:40PM (#11745875)

By definition, profit is the only thing that matters to corporations. A moral corporation is a profitable one, and vice versa. Everything else is a lower priority than profit and growth.

Thus, we turn everything that exists into what we measure as profit.

We are the indigenous people selling our lives and attention and time and land/planet for shiny trinkets without value.

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Re:How Technology Hijacks People’s Minds by ArkyBeagle on Sunday May 22, 2016 @05:50AM (#11747967)

The problem is that there are good profits and bad profits. "Good profits" create consumer surplus. "Bad profits" are rents.

I don't know if you've looked lately, but corporations do a lot of things differently than simply maximizing short terms profits now. Besides, that's mostly an artifact of mutual fund style public stock financing. In addition to going private, there is emphasis on dividends, stock buybacks, that sort of thing.

At its simplest, a thing is profitable if it can be done efficiently and people want it. That's not a bad thing.

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