this post was submitted on 04 Jun 2024
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The average person: Spotify sucks and is making me hate them even more
Shareholders seeing layoffs followed by AI replacements for those workers and then repeated price hikes: ๐ค
The myth of capitalism is that it improves things for the consumer. It's very obvious that it only improves, at best, the next quarter's returns for the investor. Once that husk of a company stops "line going up," the money goes elsewhere and we repeat.
If the line can't go up through creation it'll go up through destruction.
It worked differently before speech was considered money. Or I like to tell myself that.
It worked differently before because the information network was orders of magnitude slower and data was expensive as Pope shit.
Nowadays, the information is almost instant and everything is interconnected and data storage is cheap so we got big data with people paid solely to boil that down to algorithms that squeeze money as much as possible from customers.
Just look at all the streaming services that makes you pay more if you don't want ads and they resell your data. Triple dipping baby
This is for sure a big part of it also. Greed greed and greed being the main draw lol
Everyone that works for a company is poorer, every company is scraping by and making cuts, but executives are making more and more money