veff 🌙 on Nostr: If you've ever spoken to business majors you'll know this is explicitly taught as ...

If you've ever spoken to business majors you'll know this is explicitly taught as good practice. The goal is to increase profit margins at any cost, including the long term survival of the company. According to economic nerds, it balances out because the companies that don't do that ​become dominant blah blah blah, but they fail to understand that it's every company doing it simultaneously. That's why hand tools are such low quality compared to the stuff grandpa has in his garage, and why appliances break after a couple months of constant use.