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by _heimdall
687 days ago
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Removing legal protections for corporations and those in charge would go a long way. For example, if those in charge are personally liable for wrongdoing they would think twice. CrowdStrike as a product may not even exist as it is in that world, a company leader may not want the personal risk of being able to take down a large chunk of the internet. There also may not be security holes to guard if the leaders of an OS company weren't willing to skip security in favor of fancy new AI features. |
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Management is just making decisions based on what the companies value and companies are just valuing what their shareholders value which is more money for the shareholders.
The best way to fix it would be to reform the stock market system so that companies aren't beholden to uninvolved third parties looking to make a quick buck. Only active employees should own stock in companies and sit on company boards.
This would also require reforming the retirement system so retirement money isn't just dumped into the stock market. It needs to instead go somewhere safe and just sit. Retirement funds being in the stock market creates a huge inflationary feedback loop by demanding constant increases in profits which cause companies to raise prices which causes retirement funds to need to be bigger which causes them to demand more profit increases.