It isn't exactly news, though. This isn't a Forbes issue, or a Google issue. Pretty much every single large company is actively being ruined by parasites. We're dealing with a generation of CEOs / CFOs who were taught to care about nothing except short-term shareholder value. Quality and reputation doesn't matter anymore, so you replace your products with cheap garbage and hope nobody notices. When that inevitably fails, every single part of the company including its name is being torn apart and sold piece by piece, until nothing is left but an empty shell with a lot of debt.
We're intentionally ruining our economies and praising the people doing it. If the "Western" world gets economically steamrolled by Asia in the next couple of decades, we've got nobody to blame for it but ourselves.
It's exactly news. It spots the issue, dives into it, exposes the source of it, and details the structure of how it came into existence. That's what news is. That you're not surprised by it is not material.
> we've got nobody to blame for it but ourselves.
Ironically you are the one who characterized this article as "not news."
That's wrong. This is very much a Google monopoly issue.
Google has zero incentive to improve search for users since there is no competition. Google has every incentive to maximize the amount of money that search makes them.
Simply busting up companies with monopolies would fix 80%+ of the problems.
>We're dealing with a generation of CEOs / CFOs who were taught to care about nothing except short-term shareholder value. Quality and reputation doesn't matter anymore, so you replace your products with cheap garbage and hope nobody notices.
There is a line where you really do need to compromise on quality and even reputation to keep costs down, though. If you can't or refuse to do that, you end up stagnant and irrelevant like Japan.
Customers ultimately don't care how much sincerity and effort was infused into a product as long as it's past a certain "good enough" threshold.
> We're dealing with a generation of CEOs / CFOs who were taught to care about nothing except short-term shareholder value.
We're dealing globally and in every industry with almost all shareholders being either retirement funds, elderly individuals, or other organizations controlled by elderly individuals. And the current generation of elderlies want to benefit as much as they possible can from any wealth being created. They haven't much time left to live and they prefer to not leave much of value behind.
It is a big story if one can make it part of the anti-trust actions. Google having a monopoly which it leaves laying around as a weapon to be picked up by the next most corrupted big player to damage real businesses. The impact on the market is measurable (with naked eye), is distorting the market (which anti-trust is dealing with) and is an instance of escalating (making it actionable) domain reputation abuse. Google failing to police such blatant abuse might also open them to class action lawsuits.
crote|1 year ago
We're intentionally ruining our economies and praising the people doing it. If the "Western" world gets economically steamrolled by Asia in the next couple of decades, we've got nobody to blame for it but ourselves.
cruffle_duffle|1 year ago
Implicit in that statement is that only the "Western world" has that "short erm shareholder value" ethos. I'd say that is quite debatable.
akira2501|1 year ago
It's exactly news. It spots the issue, dives into it, exposes the source of it, and details the structure of how it came into existence. That's what news is. That you're not surprised by it is not material.
> we've got nobody to blame for it but ourselves.
Ironically you are the one who characterized this article as "not news."
bsder|1 year ago
That's wrong. This is very much a Google monopoly issue.
Google has zero incentive to improve search for users since there is no competition. Google has every incentive to maximize the amount of money that search makes them.
Simply busting up companies with monopolies would fix 80%+ of the problems.
Dalewyn|1 year ago
There is a line where you really do need to compromise on quality and even reputation to keep costs down, though. If you can't or refuse to do that, you end up stagnant and irrelevant like Japan.
Customers ultimately don't care how much sincerity and effort was infused into a product as long as it's past a certain "good enough" threshold.
carlosjobim|1 year ago
We're dealing globally and in every industry with almost all shareholders being either retirement funds, elderly individuals, or other organizations controlled by elderly individuals. And the current generation of elderlies want to benefit as much as they possible can from any wealth being created. They haven't much time left to live and they prefer to not leave much of value behind.
heisenbit|1 year ago
charlie0|1 year ago
happyopossum|1 year ago
Citation needed