Comment by crote
Comment by crote 10 months ago
It isn't exactly news, though. This isn't a Forbes issue, or a Google issue. Pretty much every single large company is actively being ruined by parasites. We're dealing with a generation of CEOs / CFOs who were taught to care about nothing except short-term shareholder value. Quality and reputation doesn't matter anymore, so you replace your products with cheap garbage and hope nobody notices. When that inevitably fails, every single part of the company including its name is being torn apart and sold piece by piece, until nothing is left but an empty shell with a lot of debt.
We're intentionally ruining our economies and praising the people doing it. If the "Western" world gets economically steamrolled by Asia in the next couple of decades, we've got nobody to blame for it but ourselves.
> If the "Western" world gets economically steamrolled by Asia in the next couple of decades, we've got nobody to blame for it but ourselves.
Implicit in that statement is that only the "Western world" has that "short erm shareholder value" ethos. I'd say that is quite debatable.