this post was submitted on 06 Jul 2026
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[–] grandma@sh.itjust.works 18 points 2 days ago (1 children)

It's crazy to me because surely you would be extracting more wealth from working people (and raising the blessed holy statistic known as GDP) with a grid that actually works and can take on new customers. I know they're evil but I guess they're also just stupid.

[–] Shanmugha@lemmy.world 8 points 2 days ago* (last edited 2 days ago) (2 children)

Take my upvote. I too fail to see how "make something work well, get more money" isn't the obvious default choice for businesses

[–] Fluke@feddit.uk 14 points 2 days ago* (last edited 2 days ago) (2 children)

Because making it work well costs more than making it work barely, and those costs are ultimately profits not being paid to shareholders now.

Those making the decisions get paid their bonuses based on the now, not the maybe, in the future.

It's really that simple.

[–] grandma@sh.itjust.works 4 points 2 days ago (2 children)

Its like they only know the R in ROI. This short term thinking is the main driver of enshittification I think.

[–] LittleBorat3@lemmy.world 3 points 1 day ago

First they underprice anyone to dominate the market and end up as the only one left. They do this on borrowed money and then they need to monetize. That's the R, the rest is other people's money who cares.

[–] floquant@lemmy.dbzer0.com 1 points 1 day ago

That, and the fact that the infinite growth model is a basic underpinning of capitalism. The Market must grow, always, or the whole carousel stops.

[–] Shanmugha@lemmy.world 2 points 1 day ago

Thank you. I still hate they don't think about anything else at all, but this explains it

[–] LittleBorat3@lemmy.world 6 points 1 day ago

Stuff like infrastructure should most of the time not be privatized and remain in state hands.

As a business you just need to outbid your opponent for the electric grid or whatever. Then you do the bare minimum to say you delivered within budget etc. People are sheep and won't notice until they are sitting in the dark.

The company that had a realistic cost in their offer was probably not picked.