Upvoted, and I wish you’d mentioned some of the components of the different approaches, and the forces that make naive/evil capitalism so much more prevalent nowadays.
One is simple short-term vs long-term profit. The most sympathetic capitalist operations focus on long-term (near-perpetual), equilibrium-integrated, repeated and continued profits. The evil ones think more about the next quarter or year. and they tend to frame things as exploiting unsustainable disequilibria rather than creating good systems. In a faster-changing environment, with more churn of competitors leading to far less user loyalty, it’s understandable why an investor/leader would feel less confident about the future than the present. And it sucks.
Another, related, dimension is how much weight to put on reputation, social status, and other non-monetary things which are pleasant to have. Moneyball (focus on measurable outcomes, rather than vibes) is the opposite of this. Like the previous component, the modern world is fragmented and status/reputation is more distributed and less understandable, so it’s hard to give up much actual money in pursuit of it. Which sucks.
A third one is vibes and personal satisfaction about one’s company and one’s work. Anecdotally, there’s less hope in many segments of society that “job I feel good about” is a possible thing to seek, but I don’t have a lot of understanding of why. But it sucks.
Upvoted, and I wish you’d mentioned some of the components of the different approaches, and the forces that make naive/evil capitalism so much more prevalent nowadays.
One is simple short-term vs long-term profit. The most sympathetic capitalist operations focus on long-term (near-perpetual), equilibrium-integrated, repeated and continued profits. The evil ones think more about the next quarter or year. and they tend to frame things as exploiting unsustainable disequilibria rather than creating good systems. In a faster-changing environment, with more churn of competitors leading to far less user loyalty, it’s understandable why an investor/leader would feel less confident about the future than the present. And it sucks.
Another, related, dimension is how much weight to put on reputation, social status, and other non-monetary things which are pleasant to have. Moneyball (focus on measurable outcomes, rather than vibes) is the opposite of this. Like the previous component, the modern world is fragmented and status/reputation is more distributed and less understandable, so it’s hard to give up much actual money in pursuit of it. Which sucks.
A third one is vibes and personal satisfaction about one’s company and one’s work. Anecdotally, there’s less hope in many segments of society that “job I feel good about” is a possible thing to seek, but I don’t have a lot of understanding of why. But it sucks.