this post was submitted on 05 Feb 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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This is it. The stock market is pretty much the reason everything goes to shit. It's run in rampantly criminal fashion in the first place, just a meat grinder for money, and if our legal system weren't run in such a fast and loose, revolving-door echo chamber fashion, someone would have clamped down on it years ago. Why this isn't more obvious to people is stunning to me.
It's like religion. It corrupts you, makes you angry, sanctimonious and blind, and hence stupid. Avoid it like the plague it is.
Maybe it's not even the stock market, but the laws surrounding it. To the best of my knowledge, a company's primary legal obligation is to maximize shareholder value. Ethics and maintenance seem to be secondary as a result. There needs to be legal ways or more incentives for companies to be satisfied with their progress and seek stability/maintenance, and keep their stock price stable.