The CEO of Meta says "the average American has fewer than three friends, fewer than three people they would consider friends. And the average person has demand for meaningfully more.”
Thing is, it’s not the dude. It’s the system that forces most dudes to keep coming up with new ways to make ever higher profit. If they don’t, they open the door to competition that would. Then their competitor could eventually overtake them, take their customers and profits, then do a hostile or peaceful purchase of the dude’s firm.
It’s the system that forces most dudes to keep coming up with new ways to make ever higher profit. If they don’t, they open the door to competition that would.
No, they can continue to make the same profit and still not open the door for competition. The need for ever-higher profits is driven by investors.
Thing is, it’s not the dude. It’s the system that forces most dudes to keep coming up with new ways to make ever higher profit. If they don’t, they open the door to competition that would. Then their competitor could eventually overtake them, take their customers and profits, then do a hostile or peaceful purchase of the dude’s firm.
When ya put it like that, it makes capitalism sound kinda like Roko’s Basilisk.
Does he really need to do that though? Isn’t he the majority shareholder and he can essentially do what he wants?
It’s the dude. He fucking built the system.
No, they can continue to make the same profit and still not open the door for competition. The need for ever-higher profits is driven by investors.