Re:America Underestimates the Difficulty of Bringing Manufac...
by elcritch on Wednesday April 16, 2025 @02:57PM
(#43709068)
The notion of shareholder primacy capitalism is one of those ideas that seems great on paper, much like communism, but its end effects are disastrous.
It seems great cause it’s simple and gives a nice simple answer to “what’s capitalism” and “how to make effective companies”. That intellectual (existential?) laziness is costly long term however.
And since every major corporation is behaving like this, even if a CEO wanted to give a shit about the country, they can't do anything about it because someone else will be more cutthroat than them and eat their lunch.