Yes, I agree, especially since selfishness, ruthlessness, and greed are traits that promise profits - and (short-term) profits are the only, or at least the primary, measure by which most managers’ performance is judged (Shareholder Value, Quarterly revenue figures, and such). It is therefore quite likely that current managers also exhibit these traits and thus fill positions with people who are similar to them. It appears to be a systemic vicious cycle that allows for hardly any exceptions.

[–] MonkderVierte@lemmy.zip 3 points 11 hours ago (2 children)

And this is why we invented democracy.

[–] blargh513@sh.itjust.works 1 points 1 hour ago

The workplace is a dictatorship that masquerades as a capitalistic democracy.

[–] DandomRude@piefed.social 5 points 11 hours ago

Yes, in principle, but unfortunately there are many politicians who do not act in the interests of the people. This is evident simply from the fact that the richest of the rich are getting richer and richer, even though this is by no means in the interests of a country’s citizens.

While there are neo-capitalist approaches such as "trickle-down economics" even after decades of pursuing them, what they postulate has never come to pass - instead, exactly what was to be expected has occurred: tax revenues are plummeting, resulting in a lack of funds for investments in socially vital sectors and infrastructure, and the standard of living for citizens is steadily declining.

The result is that a kind of new monarchy of billionaires has emerged, who use their enormous influence through corruption and lobbying so ruthlessly that today there is hardly a capitalist-democratic state left that still serves the interests of its citizens.