Hacker News new | ask | show | jobs
by 2OEH8eoCRo0 151 days ago
At some point we went through the looking glass where the stock is the product.

Is this a new phenomena? Stocks aren't new. Why is the modern market treated like this? Did Henry Ford make his vehicles shitter to increase his stock value?

3 comments

Companies with insufficient competition treated customers badly always. Antitrust enforcement weakened since the 1970s. And investors demanded short term gains.
It's the private equity era. Much like how legislative behaviour is now dictated by the wealthy even to the point of contradicting the will/desire of informed voters, corporate behaviour is now dictated by private equity investment to the point of contradicting the demand from informed user/consumers.
> Did Henry Ford make his vehicles shitter to increase his stock value?

You should really really read about Dodge vs. Ford case. It all started with that case.