Because it is, and you explained exactly why:
>We're in a segment of time where companies are so over-valued by VC that when they go public they have no choice but to engage in egregious practices to maintain the stock price. It often alienates the customers/users/supporters that got them there.
The problem seems to be that "investment" these days is all about selling to someone else at a higher price. Stock performance has decoupled from company value but people still try to "meet expectations" anyway.
One driver is low interest rates. Another is the 401k plans in the US where every middle-class employee is systematically pushing money into the market. this provides an ultimate sucker for every VC to sell to since the end-game is to IPO at astronomical valuations.
Tech industry examples:
NISC, makes software for electric and telecom cooperatives (disclosure, I am a new employee here)
Tessitura, makes software for event ticket sales
venture communism instead of venture capitalism?
peer-to-peer communism instead of the client server state?
The aggregation of power into some kind of central authority system for the good of the people always ends up bad for the people.
You will find that this sentiment is quite popular among communists these days. The idea of achieving a classless, stateless society via the use of a central state is inherently contradictory. (Though that's not to say that the alternatives are necessarily more realistic)
It's just the wannabe communists who are still silly enough to think they'll get it right this time.
I cannot. It seems to be the inevitable end of that form of government.
`Communism (from Latin communis, 'common, universal') is a philosophical, social, political, and economic ideology and movement whose goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money, and the state. Communism is a specific, yet distinct, form of socialism. Communists agree on the withering away of the state but disagree on the means to this end, reflecting a distinction between a more libertarian approach of communization, revolutionary spontaneity, and workers' self-management, and a more vanguardist or Communist party-driven approach through the development of a constitutional socialist state.`
or just buy any amount of stock, and be a normal shareholder - go to the meetings and make your voice heard?
if enough of us even owned the minimum 1 share, the foundation / company would be in a better place
We're in a segment of time where companies are so over-valued by VC that when they go public they have no choice but to engage in egregious practices to maintain the stock price. It often alienates the customers/users/supporters that got them there.
Is this the inevitable outcome in all cases or is this a symptom of a flaw in our model?