this post was submitted on 07 Mar 2024
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I try to stay out of the political aspect of it but personally I believe that capitalism incentivizes corporations to collude and prioritize profits over long term sustainability.
It is because of this that I believe that all corporations will eventually if given enough time turn into the worst examples of themselves. This is much more true for publicly traded corporations as they have a fiduciary obligation to provide maximum value to shareholders.
I'm not going to pretend to be an expert in the field this is just my opinion.