this post was submitted on 20 Aug 2023
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I left Reddit because of short term decisions to squeeze money out of consumers to look good in an IPO, instead of having an actual long term thought.
You do realize that the incentives of capitalism necessitate that right?
So, capitalism?
You left reddit because of capitalism. What is an IPO? It is the launch of a business onto the public capital markets to release equity and to enrich its existing owners. What do all businesses on the markets operate on? Short term growth for the next financial quarter optimised to enrich their investors (shareholders) in the shortest amount of time possible.
Capitalism consistently destroys everything you enjoy and yet you defend it relentlessly while asking for long term thinking, which is not a feature of capitalism. When you wake up to this reality you might actually start to question "maybe the socialists are right about a few things" and spend some time with us learning what we actually believe.
But you know what happened after Reddit turned to crap? Because no one actually has to use Reddit, because Reddit is just a bunch of bored nerds and Reddit is just a bunch of forums, eventually someone realised: “wait a minute, I can code this in a few weeks and make it way less crappy than most social media. And maybe if I make it all open, a whole ecosystem of social networks can grow together”. And when Reddit turned to crap, “the invisible hand” acted and people slowly started to migrate over to lemmy and other social media and now reddit is just a bunch of bots
A few weeks?
Mate please check my profile. I have been here for 3 fucking years. Lemmy did not magically appear in a few weeks that is incredibly offensive to the sheer amount of work my comrades have put in to make it.
And calling their work "the invisible hand of the market" is also nonsensical. Because the forces driving its creation, and the rest of us communists that support it, are the destruction of the markets. There is not one single jot of profit motive involved in Lemmy. You seem to recognise some of the problems of capitalism but consistently come to incorrect conclusions about everything because you have spent no time whatsoever getting a real political education and understanding the forces at work.
And you fail to ask yourself what happens to your "market forces" alternative to reddit. In any scenario where the market is responsible for replacing reddit the market will also bring it back to exactly the same point of self-destruction through pursuit of capital. You will hurt yourself all over again.
Why'd you just repeat @[email protected]s statement?
That's capitalists doing things because they exist in a capitalist society. You're describing capitalism congratulations
Thank you for proving the theory.
Does Long therm thought make money in the short term?