this post was submitted on 08 Jul 2024
830 points (93.6% liked)
Technology
59689 readers
3621 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There is no such thing as making "enough" money under the chicago-school dominated business thought. A business should always make as much money as it can for its investors, always. A friend who read Friedman's works says that the Friedman doctrine makes room to say that a wise business will optimize investor outcomes by investing in its product, workforce, and other smart long-term choices, but in practice, nobody ever reads that deep into the Friedman doctrine. It's just "philosophical" license to make (and demand, on the part of investors) the shallowest slash-and-burn business decisions possible to make line go up NOW. I will accept arguments about how it's capitalism, but I'd like to point out that we experienced a very distinct culture shift in business leadership starting around the time that Chicago school thought became all the rage.
I understand it's business. I'm just not going to participate in them making anymore money off ME.