They don’t care. They only care about short term profits. Capitalism only cares about immediate profits and doesn’t plan for the long term. The management at the top know they won’t be there when the system fails. They’ll get their massive paycheques and cash out their stock long before it crashes.
I worked in the energy industry for over a decade and a half and I was amazed at how every CEO we had (because they rotated out every couple of years) seemed to only pick the actions that made stort term money while royally screwing over the next CEO’s tenure. And the crazy part was everyone knew this was happening. Some CEOs even stated the quiet part out loud.
They can’t care. If they don’t relentlessly pursue profit quarter after quarter, they’ll be consumed by companies who will. There is no planning for the future, only profits.
Walmart used to, probably still does, use other stores as welfare generators for newer stores. The reason was/is because that means the new store can undercut all local competition long enough to drive them out of business and the jack the prices afterwards. Corporations focused so heavily on lying, cheating, and stealing do not do anything out of the good ess of their hearts.
Companies can bleed ridiculous amounts of money if it means that they can push competition out of the market. Couple less profitable, or even negative, quarters are fine, if they’re expecting good enough return for that investment. So, they’re still firmly on track with maximum profit hunting, sometimes it just takes some money to make even more money.
They don’t care. They only care about short term profits. Capitalism only cares about immediate profits and doesn’t plan for the long term. The management at the top know they won’t be there when the system fails. They’ll get their massive paycheques and cash out their stock long before it crashes.
I worked in the energy industry for over a decade and a half and I was amazed at how every CEO we had (because they rotated out every couple of years) seemed to only pick the actions that made stort term money while royally screwing over the next CEO’s tenure. And the crazy part was everyone knew this was happening. Some CEOs even stated the quiet part out loud.
They can’t care. If they don’t relentlessly pursue profit quarter after quarter, they’ll be consumed by companies who will. There is no planning for the future, only profits.
Also the system selects for mental illness so a lot of the worst offenders here literally can’t feel empathy.
Wasn’t Amazon’s whole thing for a while that they weren’t going to relentlessly pursue quarterly profits? So they can care, they just often don’t.
see The People’s Republic of Walmart
Walmart used to, probably still does, use other stores as welfare generators for newer stores. The reason was/is because that means the new store can undercut all local competition long enough to drive them out of business and the jack the prices afterwards. Corporations focused so heavily on lying, cheating, and stealing do not do anything out of the good ess of their hearts.
Funny thing, Walmart tried to do exactly that when they were trying to get a foothold in germany, but failed massively, lol.
Companies can bleed ridiculous amounts of money if it means that they can push competition out of the market. Couple less profitable, or even negative, quarters are fine, if they’re expecting good enough return for that investment. So, they’re still firmly on track with maximum profit hunting, sometimes it just takes some money to make even more money.