The Rot Economy
"When there is no more room in Hell, the dead will walk the Earth". Dawn of the Dead is an iconic film with an iconic quote, and as I look at the mess we're seeing in tech and videogames, I can't help but think of it. After all, executives have monetized and scammed their way to obscene profits by exploiting everything they can, and they've run out of ways to do it.
There is no more room in Hell. Welcome to the Rot Economy. Link to Ed Zitron's article: https://www.wheresyoured.at/the-rot-e...
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I am sick, and in so being I am the healthy one.
If my darkness or eccentricity offends you, I don't really care.
I will not apologize for being me.
There is no such thing as perfect. We are beautiful as we are. With all our imperfections, we can do anything.
Employers are contracting workers left and right, paying them 1/2 of what permanent, in-house employees make. Assuming you make it past the 2-week "trial period", once your contract ends, you're back to the job search.
My field (GIS) is almost entirely contracted workers, and I can't spend my life being a perpetual job seeker. I am almost 45, and I can't start over. Employers want younger workers who they can pay less, with no benefits. Even though I have self-taught many tech/AI skills, and have taken programming clases in college, the fact that my degree is not in computer science has disqualified me from stable, much-higher-paying work.
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Who’s better at math than a robot? They’re made of math!
funeralxempire
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Not only is that not actually required by law, it's a very short-sighted strategy that eventually ruins companies that implement it.
But a lot of people misunderstand things and believe that executives are obliged to put short-term returns ahead of everything else. Unfortunately this is a big factor in the enshitification of our economies over the past 50 years or so.
GE provides a great example of how this strategy can destroy a business.
https://en.wikipedia.org/wiki/Shareholder_primacy
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The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing. —Malcolm X
Just a reminder: under international law, an occupying power has no right of self-defense, and those who are occupied have the right and duty to liberate themselves by any means possible.
funeralxempire
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Joined: 27 Oct 2014
Age: 40
Gender: Non-binary
Posts: 33,533
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The Friedman doctrine is the idea that a company has no social responsibility to the public or society; its only responsibility is to its shareholders.
It seems like an ideology that leads to a lot of short-sighted and parasitic decisions that will both doom the business in the long run as well as inflict harm upon the society that allows that business entity to exist until that business finally collapses.
_________________
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing. —Malcolm X
Just a reminder: under international law, an occupying power has no right of self-defense, and those who are occupied have the right and duty to liberate themselves by any means possible.