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At least half of the largest American tech companies are already run by (ex) engineers, that isn't the issue
A company run by ex engineers isn't the same thing as one run by engineers though. The latter is necessarily a coop.
yes but it capitalism money goes up into fewer and fewer hands. and as the companies grow it divides labor more and more due to the necessities of market competition to always grow and so inevitably get to that point, which eventually always ruptures into full stratification between workers and managers/owners and different levels and departments and even between the body engineers into groups for specialized tasks; by the laws of the ever-growing tasks of business, advertising, management and logistics, hiring and scouting, HR and legal (whose interests are not with the workers, and become more and more divorced from them with stratification of management/owners and workers), etc. it all necessarily grows into and creates this. all anti-monopoly actions and laws inevitably fall to the new monopolies, and all trust busting in history meant trusts-again-in-a-couple-decades; and those are not abberations. it's a fundamental problem of capitalism.
Ex-engineers that become management couldn't cut it, that's why they go into management.
They sucked at doing actual work so they get moved out of the way so they can't fuck up the line of business
This is some weird tech bro apologia going on here
Engineers aren't the wholesome nerdy geeks you envision them to be, and there are tons of very competent engineers hold both a true engineering position and a PMC/petite bourgeois level
I didn't say anything about engineers being good people