this post was submitted on 29 Sep 2023
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I don't know how to say this but corporations suck. They turn human spirit into profits and excrement. Anything led by a corporation will inevitably suck if it doesn't right off the bat.
The stock market has to be one of the biggest mistakes we've made as human beings.
What even is the point? The stock market is just a ticking time bomb and when it fucks up, somehow people lose their job and their house and anything else thats sustained by income. This makes sense how??? How is the stock market not considered a crime against humanity? It doesn't benefit anyone except maybe rich people but rich people are already rich so who tf cares.
Because it makes the fat cats even richer, they couldn't give less of a fuck about the rest of us.
It's time the fat cats had a heart attack.
You know that their time's coming to an end
Until you dismantle inheritance, the old fat cats will find a way to pass their wealth to younger fat cats.
Don't worry, the environment has a plan
Are there any tech co-ops or 100% employee owned companies? Could be a system forward.
I'm sure there are. But, at least in the states, many tech people are also right-leaning libertarians. Co-ops are unpopular with them because they want to be the kings in the castle, not equal with their peers.
Co-ops are quite rare in Europe as well. I can't name a single tech co-op.
In fact I'd say it worse over here. In my experience stock options are a very rare kind of remuneration, whereas as far as I understand it's common in US Big Tech companies like Google or Apple (though of course non-voting shares are a far cry from actual co-ownership of the company).
On the other hand corporate profits are taxed pretty high in many countries (for the smaller tech companies that aren't based in Ireland). It's 30 % here in Belgium IIRC. So at least some of the profits make it back to the people, in a more general sense.
Makes sense I guess. Thanks for elaborating.