• Vinstaal0@feddit.nl
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    1 day ago

    Everybody wants interest on their savings or a return on the investment. This is pretty ingrained in society, and it forces banks to invest into companies which need to get a profit above what would be normally acceptable. Combine that with narcissist personalities and the Anglo-Saxon mindset, and you get companies that do everything for profit maximization.

    Which in turn causes those companies to grow and buy out companies who do not share that sentiment, which will never grow massive.

    It also doesn’t help that we have been overpaying for things like hard- and software compared to the actual cost in the bookkeeping of these companies. A lot of personal time is often invested in startups that is excluded in the bookkeeping, which makes for higher profit margins. Plus, people go for the convents of things like Amazon even though it is often worse than local alternatives.