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Aspiegaming
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12 Aug 2024, 11:13 am

"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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Tim_Tex
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12 Aug 2024, 11:43 am

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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Texasmoneyman300
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14 Aug 2024, 12:24 am

Well the video game executives are just doing what is legally required which is to make as much money as humanly possible for investors like me..They are just doing what the law requires.It is their fiduciary duty.



funeralxempire
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14 Aug 2024, 1:17 pm

Texasmoneyman300 wrote:
Well the video game executives are just doing what is legally required which is to make as much money as humanly possible for investors like me..They are just doing what the law requires.It is their fiduciary duty.


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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funeralxempire
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14 Aug 2024, 10:19 pm

Texasmoneyman300 wrote:
Well the video game executives are just doing what is legally required which is to make as much money as humanly possible for investors like me..They are just doing what the law requires.It is their fiduciary duty.


Quote:
In January 2022, billionaire hedge fund manager and investor Paul Tudor Jones attributed the opioid epidemic in the United States as a product of the Friedman doctrine. Notably, the theory of corporations having the only objective of profit maximization (without any consideration of other stakeholders), led Purdue Pharma and the Sackler family to engage in unethical corporate practices of increasing revenue, by abetting doctors to dispense prescription opioids, without any legitimate medical purpose. The opioid epidemic resulted in at least 400,000 adult deaths by prescription drug overdose within the United States, most of which would have been part of the workforce within the economy of the United States.


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.


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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.