[gruez]

> The business philosophy of "maximize shareholder value above all else" is going to eviscerate our society until there's nothing of quality left.

Well no, because there are literally an entire industry (luxury goods) where the main selling point is quality, and I don't see any sign that's going to disappear anytime soon.

[LapsangGuzzler]

I’m not sure how familiar you are with luxury goods, but there are lots of YouTube channels and analyses of the quality of luxury products, and it’s not what you think it is. They’re maximizing shareholder value too, they’re just going after people narcissistic and wealthy enough to not notice that they’re buying junk that’s dressed up because the brand name means something to them.

[karaterobot]

Some of them, sure. But a lot of luxury products are Veblen goods, where the demand is created by the high price itself, rather than the quality. Status symbols and the like.

[ohgodplsno]

If you think all LVMH workers have good working conditions, or that materials are sourced ethically, I have bad news for you.

Quality doesn't prevent the search of profit maximization. Hell, luxury goods aren't even about quality. The price/quality ratio on your Vuitton Bag or your Ferrari is down in the gutter. You're buying a social status, not quality.

[spacemadness]

Our society will be eviscerated, but at least we’ll have luxury goods,

[bugglebeetle]

Quality and price are frequently orthogonal in the luxury goods business.