Netflix Loses 1M Users in Spain over Password Policing

Re:Netflix Loses 1M Users in Spain over Password Policing by bbarn on Wednesday April 26, 2023 @05:00PM (#35719927)

That's just "shareholder value". Combine it with everyone who owns stock expecting it to go up all the time, and you get that mentality. Stocks were once a vote of confidence in a company and their long term vision, and now it's just hyper-analyzed gambling with as short a return time as possible.

Nearly everything that's wrong with the current economy and welfare of your average man in the US can be traced in some way to the stock market. Now we have the additional burden of lumping nearly everyone's retirement accounts into that same system. What could possibly go wrong, again?

I read an article probably 20 years ago, about the things that take down profitable companies, and one phrase that stuck with me was "the relentless pursuit of more".

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Re:Netflix Loses 1M Users in Spain over Password Policing by jonathankoren on Wednesday April 26, 2023 @06:42PM (#35720959)

Milton Friedman really did a number on people. Has any of his ideas stood the test of time? Everything I’ve seen has led to rampant inequality, and rot in both the corporate and government sectors. Even in the most recent economic crises, zero countries embraced his ideas, and those that tried austerity had a worse outcome.

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Re:Netflix Loses 1M Users in Spain over Password Policing by cmh89 on Thursday April 27, 2023 @09:30AM (#35727830)

>Nearly everything that's wrong with the current economy and welfare of your average man in the US can be traced in some way to the stock market

Just the basic fact that an economy that is good for workers, where they are more in demand and make more money, is bad for their retirement because the stock market goes down, is really all you need to know to understand why the stock market is a plague.

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