this post was submitted on 21 Nov 2023
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The degree in which corporations engage in psychological warfare against customers is astounding. Not surprising, just outrageous. Don't want notifications on? We're going to ask you to turn on notifications in the the program every single day until you do it. Don't want to watch ads because our infinite greed has destroyed what used to be a good platform with a reasonable number of ads before we bought it? Then we'll make the experience less pleasant until you comply. They already make multiple parts of YouTube disagree with ad blockers on purpose to break the sites features. Not that I use anything other than NewPipe and Piped anymore anyway. I'm just sick of shitty corporations acting like we're children who can be punished.
We are in a war indeed.
I think it’s a new trend with CEOs and investors. They want infinite growth so the strategy is aquire / create, grow, squeeze, throw away, while creating new products to migrate fed up customers. Rinse and repeat.
Investors goal: maximize ROI this year.
CEO goal: infinite growth and/or increase share price to keep funds flowing.
I believe the current economic behavior isn’t sustainable. Some day things will go south.
The idea that the only real duty of corporate leadership is to drive shareholder profit is apocalyptically naive and ultimately nihilistic, and it has been since the words dribbled from Milton Friedman into the NYT magazine back in 1970.
short term. The problem is driving short term profit. In the short term, you profit by abusing your customers. If you considered long term profit, you need to also consider customer satisfaction
No, I stand by what I said.
If you build something well, it will sell itself. You won’t need financial gymnastics to make your company or the product look good.
Stupid financial tactics like stock buybacks (which, as a result of how the stock market works, have a direct positive impact on stock price) should be illegal.
The problem is the focus on profit over and above the focus on literally anything else. That’s what modern corporate leadership has come to understand as the true meaning behind Friedman’s words. And it’s killing our society, our environment, and in many cases, the companies themselves (because the tactics are obviously unsustainable).