this post was submitted on 21 Aug 2023
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The thing about unregulated capitalism is it will always fuck over society in favour of sociopaths. Unregulated capitalism rewards sociopaths because it focusses on profits above all else – shareholders get stupidly rich only if they don’t care about the damage done to workers and the public, sociopaths who don’t care about such damage can promise the highest profits, and that’s rewarded by a hyper-focus on the bottom line.
Unregulated capitalism rewards ruthless cost-cutting, treating people like robotic assets, slash-and-burn corporate policies, and a culture of near-slavery.
Adding new tech only makes inhumane policies easier to implement. It’s why people like Musk have more money than they could spend in a thousand lifetimes. When the goal is to maximise profits at all costs, of course the consumer will get fucked. That’s rather the point.
E: in short, prices will continue to increase as these people try to find the ceiling. Ps: there is no real ceiling.
Oh, I don't know about that. I think Musk as a unique ability to spend money.
Although prices are rising, the same work conditions remain for the workers, or get even worse. Take Uber for example. But the company will blame "regulations" from the government as the cause of rinsing prices, not its own greed.