Conversation

Notices

1. Tim Ellis (he/him) DJDynamicNC (djdynamicnc@mstdn.ca)'s status on Monday, 23-Jan-2023 15:50:28 JST Tim Ellis (he/him) DJDynamicNC

   Is there a fancy science term for the process by which capitalism ruins everything? Like how somebody comes up with something cool and makes it happen and it's good, and then it turns into a company, and then the company is incentivized to gradually ruin the thing and find the worst version of the product that consumers will still tolerate so as to maximize investor profit?

   In music we call this process "selling out" but is there a more general term?

   #capitalism #economics

   • Aral Balkan repeated this.
   • Aral Balkan (aral@mastodon.ar.al)'s status on Monday, 23-Jan-2023 15:50:28 JST Aral Balkan

     in reply to

     @DJDynamicNC In tech we call it the Silicon Valley model.

     It’s what a “startup” is.

     And it starts the moment you take venture capital.

   • Aral Balkan (aral@mastodon.ar.al)'s status on Monday, 23-Jan-2023 16:27:24 JST Aral Balkan

     in reply to

     • Natasha Nox 🇺🇦🇵🇸

     @Natanox The IPO is just part of the startup/VC game. Either that or being bought by a larger corporation. That’s the exit. (Or failing quickly.) Those are the only three ways that game ends.

     @DJDynamicNC

   • Natasha Nox 🇺🇦🇵🇸 (natanox@chaos.social)'s status on Monday, 23-Jan-2023 16:27:26 JST Natasha Nox 🇺🇦🇵🇸

     in reply to

     • Aral Balkan

     @aral @DJDynamicNC Or go to the stock market.

     Basically any time where those who want the company to do good are giving away financial control to those who only seek financial gain. Pure monetary greed and those who embody it are the key problem.

     Stuff has to be financially sovereign, otherwise it gets corrupted.