I shared this one on other social media platforms, and some tech bros are angry 😡 lol. I never understood why some people worship big corporations so much 🤔 It is not just that these companies are also firing people left and right despite making huge fortunes. They only care about meeting shareholders' bottom lines; everyone else is just a casualty. So much for one big happy family 😵
Check out the "spolu." When a spolu is profitable, it pays its corporate taxes. Then it pays investors, employees, customers, and suppliers. It also pays the philanthropies that show the spolu's values.
In other words, the spolu exists to distribute its profits.
@nixCraft pisses me off when the media support this narrative by reporting that "X is cutting staff to reduce costs". Yes, it IS going to reduce costs, but only to maintain or increase their profits!
@nixCraft The purpose of a limited liability corporation is to remove liability from any individual. That has been embraced as meaning moral, not just legal, liability.
@nixCraft Shareholders only get leftovers. A lot of the profits are skimmed off before getting to shareholders. Also, there’s different tiers of shares, where regular shares are for suckers. 🙄🤨
They are probably because they don't want to feel like they are being taken advantage of. They don't like to think they are workers like everyone else.
@nixCraft I'd like to politely suggest that your brothers in tech do not worship big corporations, but rather they merely disagree and find the overstated claims in the meme annoying.
@nixCraft Profit in its most basic definition means benefiting, having a surplus from a factor that is generating this surplus and not reducing it, otherwise it wouldn't be called profit. You're a great 'asset' to this company. The capitalism system is built this way and that is the expected outcome, making profit at the detriment of the working class. Exploiting the latter either via fake glorified or de-glorified manner. Corporate culture attempts to make us think otherwise. What is one to do?
@nixCraft This is a great image. past shows higher wages lead to lower prices due to greater spending. The more money available to common people (not uberrich), causes people to afford more trivial items, trips, etc. Uberrich only want more in their overflowing pockets at the expense of everyone else, including the economy and society.
@nixCraft I dunno, either. There's a non-logical worship towards big techs, at a point that colleagues can't understand the practices and how wrong they are, just to satisfy the shareholders happiness...