this post was submitted on 19 Jan 2024
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] Enkers@sh.itjust.works 10 points 10 months ago (1 children)

The rich person only cares about short term profits. They want to liquidate any good will and long term preparedness. Once the host corporation has been sufficiently bled of value, the parasite will move on to the next source of value it can find.

[–] marcos@lemmy.world 5 points 10 months ago (1 children)

But then, an R&D organization doesn't have short term profits.

[–] Enkers@sh.itjust.works 6 points 10 months ago* (last edited 10 months ago)

Correct. R&D only creates future value. Usually in the VC model, R&D is done by individuals or small groups and then funded (bought) by VC to get it to market. So even though the R&D do-er can cash out their future profits for immediate profits, the value of that R&D can't be realized immediately.

I personally think the VC and legacy models are currently competing, and VC is winning out. As we see here, even large, established companies aren't immune to impinging VCs.