this post was submitted on 09 Feb 2024
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The systemic problem you recognize is a fundamental feature of capitalism.
Again: this was a bad decision, even from the perspective of raw greed. Paying the guy enough to keep him at the company is also capitalism. So it's not useful or relevant to just say 'that's capitalism' when a business makes a fucking stupid decision that loses them money.
Nor is petit autocracy unique to capitalism.