this post was submitted on 11 Jul 2024
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The older I get, the more I question the value of public companies vs the damage they do. As soon as you've got shareholders at large to please, you're incentivized to keep your share price going up above all else, especially in the short term. Global stock markets seemed like a great idea at the time, but I feel they're doing more damage than good at this end of capitalism.
A company going public is always a bad sign to me. Whenever I see it, I instantly distrust what that company might be doing next. Clearly it's bad if my gut reaction is to distrust.