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kurtandersen.bsky.social
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12 days ago
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kurtandersen.bsky.social
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12 days ago
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meyerson.bsky.social
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12 days ago
Thanks for reprinting this.
I think Americans need to reckon that jobs aren't a product of capitalism, they're a side effect. A CEO's job isn't to create employment but to minimize it so shareholders earn higher returns.
That's it, that's the whole deal.
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kurtandersen.bsky.social
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12 days ago
Not “side effects,” economic obligations that have existed forever for most people regardless of how a society is organized.
As for bosses, basically true of public companies, not necessarily of others.
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I think Americans need to reckon that jobs aren't a product of capitalism, they're a side effect. A CEO's job isn't to create employment but to minimize it so shareholders earn higher returns.
That's it, that's the whole deal.
As for bosses, basically true of public companies, not necessarily of others.