Corporations and CEOs are too greedy

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They're way too damn greedy that an honest job in an industry isn't a sustainable career path anymore.

The game industry alone is facing another round of layoffs and the studio shut down this week is Romero Games. Romero Games headed by THE John Romero is responsible for two of the coolest Doom expansions in recent years. Now he's out of a job and so is everyone else at his company thanks to Xbox.

Let's rub some salt in the wound shall we?
https://www.pcgamer.com/gaming-industry ... -industry/

It's so bad you have to ask yourself "Why even bother?"
Not everyone is capable of finding success going indie.

I think that money is addicting. Profit is addicting. Like a meth head selling all his stuff for cash to get his next fix, corporations are making all these stupid decisions to minimize costs to make their next dollar worth more than it took to make it. These decisions cost people jobs and make products look cheap as if they're held together by duct tape or something.

It doesn't have to be this way, but there's nothing we can do. We'll just have to wait for a big economy crash once workers and consumers can't take it anymore with bad products and lack of permanent employment.

That's why we need big business countered with organized labor, and activists promoting worker and consumer rights.

I think a lot of the shift was because of Milton Friedman and shareholder primacy in the 70's and 80's.

We're speedrunning late stage capitalism boys.

Free market laissez-faire government has been around since the 19th century. Oil robber barons, mining magnates, big business cartels, automobile and banking tycoons greedily accumulated wealth and avoided paying tax. they intergenerationally bribe politicians through campaign donations to ensure they can continue to exploit taxpayers. And its not just greed. It's also avoiding civic duty in costly industrial emissions control, pollution or class action over worker safety or putting civilians at risk.

the myth of laissez faire is that big business would share and allow profit to trickle down to the masses is a scam. Instead you have a small elite who squirrel away trillions of dollars in cash and assets and live in palatial mansions with 400 rooms which they never use.

^^^ I could job as a house keeper in one of their places?^^^^

And the right wonders why more and more of the rest of us see the free market as just a colossal con, and that most of us are the suckers.

Yes they are, and also I think excessive wealth like changes people, it makes them awful. Idk like if I somehow won or came into a ton of money I feel like I would want to put a bunch of it towards some good causes before spending too much on myself. Because idk if I'd be immune to it, like if I got a lot of money it could go to my head to and turn me into a real sh***y person.

LIke idk the amount of money some people have to just play with is like scary, its more money than I'd ever to be able to play around with for sure. But honestly I don't want it.....I want people to have universal healthcare so people dont have to be worried of if they will be cut off of getting medical treatment they need. I want clean energy and less pollution of the planet to be prioritized and I want Ice to stop deporting people going through the process to become citizens.

I am more of a socialist, the U.S.A has more than enough money to help the most vulnerable, but they are choosing to throw that money at tax breaks for the wealthy, taking away from the poor to give to the rich like a reverse Robin Hood.

I know it has been around for quite some time but during the Progessive Era/ FDR and post-war era up the 70's capitalism in America was a lot less laissez faire than it was during the Gilded Age. We had stagflation and oil shocks in the 70's which left a void for more laissez faire capitalism. A big development was the Friedman Doctrine also know as shareholder primacy which says a companies only job is to make money for its investors. This was the era of Jack Welch and the 80's and Gordon Gekko and corporate raiders who focused on making companies do rights by its shareholders.....

The shareholder primacy had great impact over how big corporations were ran because before corporations expanded their facilities and equipment and invested in higher wages and better working conditions and job training for its workers. Also buybacks were legalized. Nowadays corporations typically employ drastic cost-cutting measures and dont train new workers and layoff or cut pay to drive up the share price and increase dividends. CEOs were paid a lot more because of the Friedman Doctrine and buybacks because they knew if they made enough cuts in jobs and salaries each quarter they could increase share prices which would increase their pay and its a viscious cycle. Many everyday Americans like teachers and other middle class workers have become millionaires through investing in the stock market. Investing in the stock market is open to almost anyone 18 or older.....You can even invest with only a dollar at a time if you want. I assume AI will increase layoffs drastically and that this excess money will be allocated to buybacks and dividends. I think we may need Universal Basic Income in the future.

^^^ I have no issue with companies selling stocks, superannuation is largely property and shares.

I am speaking about excessive wealth. Australia's richest woman, Gina Rinehart pays no tax and gives nothing back, she is notorious for not supporting charities or contributing back to Australia. Many of Australia's millionaire class are notoriously selfish. She is of course not obliged, but the optics aren't good given many Australians are experiencing a cost of living crisis. Older Australians can't afford heating bills in winter or aircon in summer.

People benefitting from the free market will naturally throw their support for keeping things the same.
when trump claimed he was going to drain the swamp and remove the elite, all he did is make the rich richer. He should know, the trump family have become fabulously wealthier.

It is in the very nature of corporations to be greedy. They have to be to keep their shareholders happy for one more quarter.

Yeah, they take waaaaaaaaaaay too much for next to nothing and still have their "golden handshake" of zillions of bucks for reward if they fail stupendously even though part of the excuse for them getting paid far more than they deserve is how "responsible" they have to be... and it's like, right sure they are. Could easily replace them with a robot in terms of a single coin to flip, but they'd probably pinch the coin on the way out as well.

If they bothered paying all their workers properly so it wasn't nearly impossible to find & keep gainful employment, then it would be less of a matter that they're stealing so much legalistically; but when everyone is sabotaged, then their theft is especially egregious.

money=power. unlimited money=unlimited power. power corrupts, absolute unlimited power corrupts absolutely. human nature sucks big wind.