In the short term, sure - but this stock buyback corporate culture is actually destroying the long term viability of companies. The core issue is that corporations aren’t actually people who have a say in what happens to them - instead the executives that steer these companies only care about how much money they personally earn.
Most of the mega corporations are extremely inefficient and would fail if exposed to legitimate competition (i.e. Google is an extremely low signal to noise ratio search engine but survives by being politically entrenched).
Nope, it’s not even the executives, they are straw people for the most part.
Most corporations are owned by investors who can cash out any time and threaten to plunge the stock into oblivion by doing so. They go where short term profits are highest, squeeze out every bit they can get and prodeed to the next investment afterwards, demanding enshittification there.
In the short term, sure - but this stock buyback corporate culture is actually destroying the long term viability of companies. The core issue is that corporations aren’t actually people who have a say in what happens to them - instead the executives that steer these companies only care about how much money they personally earn.
Most of the mega corporations are extremely inefficient and would fail if exposed to legitimate competition (i.e. Google is an extremely low signal to noise ratio search engine but survives by being politically entrenched).
Nope, it’s not even the executives, they are straw people for the most part.
Most corporations are owned by investors who can cash out any time and threaten to plunge the stock into oblivion by doing so. They go where short term profits are highest, squeeze out every bit they can get and prodeed to the next investment afterwards, demanding enshittification there.
The short term is the only thing these companies care about anyway. If it wasn’t they’d probably support many socially positive changes.