Real question here: is it possible to walk all this back from the edge with more ethical companies? I’m thinking co-ops, Mondragon corps, union shops, etc. Basically build businesses that have motivations other than deepening the pockets of VC’s and the like, yet have some kind of growth trajectory (or federate with other corps) to gradually subsume the market.
I get that massive funding makes certain things possible, like disrupting the market, or aggressively buying your competitors. And yes, the company charter would have to be bulletproof against hostile takeover, buyouts, and enshitification, in order to go the distance. But is that really all it takes, or am I missing something huge here?
For a while now I’ve been paying attention to the way customers are treated, and noticed a kind of symmetry with how the employees of a given business/institution are treated. If you’re seeing one kind of abuse/neglect, the other is very likely to also be the case, because it all comes from the same place.
In the case of Walmart: employees under a rather heavy yoke of part-time-no-benefits-never-unions labor, and customers are given a dis-compassionate choice between poorly made and barely viable goods from dubious origins. It’s not that management/ownership doesn’t care about this or that, it’s that they generally don’t care about people and are grotesque about it. It’s all here.