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Everything is awful because the people who went to business school figured out how to fuck us over as hard as possible. (sh.itjust.works)
submitted 10 months ago by to c/rant@lemmy.sdf.org
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There is no such thing as competition. As soon as a business does something that sets it apart, it's immediately hounded by business school people who want to profit off of lowering standards and raising prices.

It's why everything is so expensive and wages are trash. The whole point of going to business school is to ensure that businesses are always doing the bare minimum while charging the maximum people are willing to pay.

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[–] 12 points 10 months ago (8 children)

Blame Reagan.

A big part of deregulating banks back in the 1980s was shifting away from expensive manufacturing to cheap financial services. Instead of investing in bringing US factories back, Reagan's polices sent the actual work overseas and left management here.

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  • [–] 3 points 10 months ago

    You get that when deregulating one area at the expense of even further strangling others with regulations (a regulation keeping an oligopoly or a protectionist one is still regulation).

    BTW, the most common visible problem of libertarian models. They get the absolutes right, but ignore the relative. This means that those following them ignore transient processes, and the model breaks halfway.

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  • [–] 1 point 10 months ago (3 children)

    Because Regan was the President of China when capitalism was enshrined.🙄

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  • [–] 2 points 10 months ago (2 children)

    Regan

    Ronald Reagan was President of the US from 1981 until January, 1989.

    I tried to find information on the President of China in 1750 AD. Nothing came up.

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