People seem to hate the concept of enshittification for some reason, but it’s a perfect encapsulation of the modern economy. Things that were once good are abused to extract wealth for shareholders. That is their only purpose. As far as the board of directors at Boeing are concerned, if they narrowly miss an accident they don’t have to report and it nets them an additional $1 million, then all the better. High quality engineering, the collaboration of engineers and machinists, and especially safety are only valuable insofar as they make more money. And they’ll be damned if they leave any money on the table to avoid a plane breaking up mid-air, killing everybody.
People seem to hate the concept of enshittification for some reason
Probably because it makes everything more shitty for everyone but the shareholders. I don’t believe that CEO’s like knowing that that everybody hates what they’re doing: their customers hate them, their employees hate them, and they know it. But I’d they don’t satisfy the shareholders, they get fired - just as you say.
The infuriating thing is that it isn’t about profit; it’s about maximizing profit. Companies can be profitable without enshittification. It’s the sin of gluttony that drives profit maximization, and the best thing these people can hope for is that the atheists are right and there is no heaven, because they’re for sure going to hell for bald-faced greed.
People seem to hate the concept of enshittification for some reason, but it’s a perfect encapsulation of the modern economy. Things that were once good are abused to extract wealth for shareholders. That is their only purpose. As far as the board of directors at Boeing are concerned, if they narrowly miss an accident they don’t have to report and it nets them an additional $1 million, then all the better. High quality engineering, the collaboration of engineers and machinists, and especially safety are only valuable insofar as they make more money. And they’ll be damned if they leave any money on the table to avoid a plane breaking up mid-air, killing everybody.
Probably because it makes everything more shitty for everyone but the shareholders. I don’t believe that CEO’s like knowing that that everybody hates what they’re doing: their customers hate them, their employees hate them, and they know it. But I’d they don’t satisfy the shareholders, they get fired - just as you say.
The infuriating thing is that it isn’t about profit; it’s about maximizing profit. Companies can be profitable without enshittification. It’s the sin of gluttony that drives profit maximization, and the best thing these people can hope for is that the atheists are right and there is no heaven, because they’re for sure going to hell for bald-faced greed.