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by palmotea
120 days ago
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> Capitalist companies are just the modern day evolution of feudal lords with the mandate of maximum value extraction with zero care for the impacts on your fiefdom/market, the tendency to drift to rent seeking, etc. Actually, I'd argue capitalist companies are often worse, because at least feudal lord has more interest in ensuring the long-term viability of their fief. In capitalism its not uncommon for some investor to come in, wreck the place's long-term viability for short-term profit, then sell before the other shoe drops. |
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