this post was submitted on 25 Sep 2024
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Private equity/venture capitalists - they acquire unique brands and then extract all the value and enshitify them into the ground
One of the reasons Boeing sucks is this. First reason is McDonnell Douglas bought Boeing with Boeings money, hallowed out the soul that built the world’s greatest aircraft, then sold what was left off to the big investment funds. Then the investment funds were like “look at all this money Boeing is spending on safety and suppliers” so they cut out the safety and bought out the suppliers. The horror stories of quality control at some of the suppliers is just as bad if not worse than some of the horror stories of quality control at Boeing. What if I told you Boeing fought to have ECS (environmental control systems) software that was written by third world “programmers” that didn’t speak English to remain on their aircraft illegally, claiming it didn’t pose a threat to safety, you know those systems that determine if there is enough oxygen to breath at altitude and whether the temperature inside the plane is survivable…
Vulture capitalists.
Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks.
I'm morbidly curious at how that happens/works