Couplqnd@lemmy.worldtoAsklemmy@lemmy.ml•Why is everything in consumer / American life so fucking shitty now - and companies literally just say 'oh bc profit margins' and we're now expected to swallow that and sympathize?
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10 months agoCan we stop with the myth that “corporations/board members have a fiduciary duty to share holders for maximum profit”
It’s not true and never has been! It’s just some bullshit that was said in the 80s that sounds good but has no basis in reality
Lots of bad takes in this thread.
Most people don’t even understand capitalism or socialism or even communism.
For a surface level understanding of capitalism, this video does a good job. https://youtu.be/C1Gs0uqqggc?si=EHli6_sWDCroIKpE