Quote (ofthevoid @ Dec 10 2024 11:25am)
We are in an oligarchy, but no, a handful of CEOs don't really decide much. It's the capitalistic system itself. It's me and you and millions like us with our savings that own the fortune 500 companies that demand continually higher returns, that want businesses better run, that want businesses to be profit maximizing, that are used to double digit annual returns, and so on. CEOs and the rest of the executive management teams are basically agents that work for the shareholders, and the shareholders, many of them are average Joe Shmoes with savings, not some dark figure behind pulling all the strings for nefarious reasons.
There is no great evil narrative to deny or make it unaffordable for people in Florida to have flood or hurricane insurance, it's the natural consequence of living in a high risk place. High risk demands commensurate returns, if the returns don't match the risk profile that business/product/service goes belly up. There is no great conspiracy theory for healthcare insurers to kill people by not covering all services, they have to make a spread on the risk they take, otherwise there's no incentive to take the risk. Maybe the answer is some nationalized system, idk I'm no expert, but killing people running these companies does nothing, only stupid people think this changes anything.
Agree with 90% of what you said, great post.
However it already changed things, go look at the policy anthem rolled back.