Yeah I mean at this point what aren't investors and hedge funds ruining? Shutting down your favorite restaurant, killing all the stores in your local mall, even getting their grubby fingers into kids sports and pricing out the kids who need it most. Its reached the point where either something is done about it or our entire way of life gets snuffed out for greed.
It's the endgame of capital accumulation, essentially. Scarce few major players in any sector are actually directed by people who worked their way up in their given industry specifically, and that means the major decision making is based purely on short-term profit motive because the CEOs and board members are all just finance people. Everything feels "soulless", cynical, and like a cash grab because it all is at this point. And most companies who don't follow that path just fall behind when competing for the massive pool of investment money, with few exceptions.
There was a time when, more or less, the people at the top had been in their industry for years or decades and brought their experience and hopefully their passion with them, but we're well beyond that now. Like you've listed, all of those industries are being run by finance people with no interest in the long-term good of the actual industries listed. Even restaurants have their own venture capital funds.
It broke somewhere at the end of the 2000s and got really perverted after 2018. I wonder how a 2026ies Witcher 3 would look when it was released today.
It broke after 2 Republican Presidents and congresses royally fucked people by enabling decades of corrupt investment and offshoring.
Though Clinton too was part of that process, unfortunately. And even Obama was too weak to meaningfully counter it.
Ironically, Biden was actually starting to fix it if you paid close enough attention, but no one did and he had to clean up after Trump and was old, so here we are. With everything getting much worse, much faster.
It's because people who most need to vote to change it listen to social media vibes more than they pay attention to any actual data. They care more about the middle east than their back yard. Or conversely, they care more about the skin color of their neighbor than they even do their own family. Or they care about skin color in mods more than they care about protecting the rights of real people. I don't blame people for being upset about post COVID inflation, but the guy they voted for was the worst possible person to fix it.
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u/ComputerIlliterate13 8h ago
Yeah I mean at this point what aren't investors and hedge funds ruining? Shutting down your favorite restaurant, killing all the stores in your local mall, even getting their grubby fingers into kids sports and pricing out the kids who need it most. Its reached the point where either something is done about it or our entire way of life gets snuffed out for greed.