It’s the incessant want and need for more, more more. If they made $2 billion in profit last year it needs to be $3 billion this year, it can’t just be a continued $2 billion (which is still an amazing amount of profit). It’s just a never ending scheme of incurable human greed.
Comment on Unity rushes to clarify price increase plan, as game developers fume
AClassyGentleman@lemmy.world 9 months agoCapitalism defines success as profits increasing at an ever-increasing rate. During the height of the pandemic, tech companies tended to fare better than other industries because they were better able to handle the switch to remote work. This wasn’t lost on investors, who smelled money in the water, and went all in on tech. Like, seriously, colossal amounts of money, and they expect returns on those investments. Problem is, we’ve hit the point where the easy profit sources for these companies have more or less dried up, and now they’re having to squeeze whatever they can out. This is why we’ve seen massive layoffs, quick money making schemes, and things like this that will be disastrous in the long run, but stand to make some short-term profits.
It’s a boneheaded move, but when all you care about is pleasing the investors right now, it’s the logical way to operate.
DarkWasp@lemmy.world 9 months ago
bassomitron@lemmy.world 9 months ago
This sums up every industry poisoned by big money parasites. Look around, over 30% of the inflation of the last few years is literally attributed to just straight greed. fortune.com/…/end-of-capitalism-inflation-greedfl… for those who want to read about where I’m getting that figure from.
We’re living in the Robber Baron Era: Volume 2. When governments fail to properly regulate massive corpos and protect consumers–mostly due to regulatory capture–this is what happens. en.m.wikipedia.org/wiki/Regulatory_capture if you want to read up on the topic and get angry about how pervasive regulatory capture is, especially in the US (like, really, really pervasive in the US…).