Re:Bob Moore, Who Founded Bob's Red Mill, Is Dead at 94
by cogman10 on Wednesday February 14, 2024 @03:22PM
(#39374787)
> Optimizing a certain kind of metric beyond all reason is going to destroy whatever economic engine that is currently providing people their livelihood.
I agree. The general trend of optimizing only for shareholder value has destroyed the livelihood of countless workers. Heck, it's destroyed legacy companies like kmart and sears. It's all but killed off manufacturing in the US. And, were the quality better, it'd kill off the jobs of most HN commenters as businesses would love nothing more than to offshore everything to the cheapest location possible.
The economy is a giant prisoner's dilemma. It'd be far healthier if wealth was better distributed yet individual companies and shareholders can make a boatload of money by taking shortcuts and keeping things running at barebones levels.
I agree. The general trend of optimizing only for shareholder value has destroyed the livelihood of countless workers. Heck, it's destroyed legacy companies like kmart and sears. It's all but killed off manufacturing in the US. And, were the quality better, it'd kill off the jobs of most HN commenters as businesses would love nothing more than to offshore everything to the cheapest location possible.
The economy is a giant prisoner's dilemma. It'd be far healthier if wealth was better distributed yet individual companies and shareholders can make a boatload of money by taking shortcuts and keeping things running at barebones levels.