this post was submitted on 23 Feb 2024
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...::undefined

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[–] [email protected] 42 points 8 months ago* (last edited 8 months ago) (7 children)

The people with all the money don't care about anything like this. They don't even care about stewardship/long term value building except maybe the Dupont's and old moneyers. Why wait around trying to make or build something when I can just ride the hype train and make sure I get off and onto the next one before the house of cards falls down?

TSLA's market cap is 618 billion dollars

GM's is 45 billion dollars

Shell Oil's market cap is 200 billion dollars

I've decided that's what's wrong with everything at the core -- the only virtue is money and it doesn't matter how you get it. Spez or anyone else could be doing way worse and everyone would shrug.

[–] [email protected] 8 points 8 months ago* (last edited 8 months ago) (6 children)

Yeah, I'm not sure how to curb the trend of money destroying companies and countries.

It's hard to incentivize not being greedy.

There's plenty of billboards/ads/magazines/etc idealizing rich athletes, celebrities, CEOs, etc. There's no MTV cribs for modest/honest/hard working single parents, community volunteers, small business owners who kept their own pay lower to afford employee's medical benefits, etc.

There's no awards show for most humble (ha), most improved, most selfless, most mentor, etc.

[–] [email protected] 10 points 8 months ago (5 children)

I think shame from society was the regulator in the past, but we are in gilded age II so money supersedes morals.

There’s no awards show for most humble (ha), most improved, most selfless, most mentor, etc.

Reminds me of -- Societies grow great when men plant trees in whose shade they will never sit.

[–] [email protected] 4 points 8 months ago (2 children)

Agree with all.

Will take a significant change for things to revert back IMO.

There's that saying that comes to me, similar to... hard men make good times, good times make soft (greedy/morally bankrupt) men, soft men make hard times.... Now just take the non-gender / misogynistic verson of that as needed :)

[–] [email protected] 4 points 8 months ago* (last edited 8 months ago)

The word men/man is actually gender neutral. In old English wereman was masculine, wifman was feminine, and there were a slew of other words that were used for children and various other things. We stopped using the gendered words in middle English.

[–] [email protected] 2 points 8 months ago

sounds like the 4th turning. I guess as a nomad its my job to make sure the hero's who will fix this have support.

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