this post was submitted on 17 Oct 2023
1086 points (98.6% liked)
Games
16742 readers
741 users here now
Video game news oriented community. No NanoUFO is not a bot :)
Posts.
- News oriented content (general reviews, previews or retrospectives allowed).
- Broad discussion posts (preferably not only about a specific game).
- No humor/memes etc..
- No affiliate links
- No advertising.
- No clickbait, editorialized, sensational titles. State the game in question in the title. No all caps.
- No self promotion.
- No duplicate posts, newer post will be deleted unless there is more discussion in one of the posts.
- No politics.
Comments.
- No personal attacks.
- Obey instance rules.
- No low effort comments(one or two words, emoji etc..)
- Please use spoiler tags for spoilers.
My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
Other communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Gets you something to add to your 401k portfolio. Which I don't think is a great argument; there are plenty of other ways to handle retirement even in a fundamentally capitalist system.
There's a theory out there that as SP500 indices for 401k's become the dominant investment, that will convince publicly traded companies to think long term. Those indices don't jump in and out of stocks. They want to add a stock and then keep it for decades. Companies would change their thinking to match.
I'm not convinced of that, though. Starting with the fact that 401k's started as a tax loophole that got mistaken for a good retirement plan, while traditional pensions and Social Security have been eroded away (to say the least). But it's a possible outcome.
I think the initial idea of like "I have a great idea but don't have the capital to get it off of the ground" is a decent argument for public companies, or in the case where employees are shareholders and thus reap reward when companies are successful, but I think these are both mostly antiquated notions and the ills of how public companies are today are a net-loss, and there are generally better ways to accomplish both of these things.
Especially in tech, it's entirely common to charge nothing, make no money and burn investment money until they end up either so dominant they essentially have monopoly power (think: Amazon) or that the business plan is reach critical mass and hopefully sell. And then the very notion that every business has to grow forever leads to rather perverse incentives. Again, especially if you look at tech, basically all of the FAANG companies used to be a lot better/nicer until some critical mass is hit and then they have to enshittify everything.