#roteconomy

The Rot Economy describes the ideology of bosses, starting with monsters like GE's Jack Welch, who financialized companies, optimizing them for making short term cash gains for investors, at the expense of their workers, their customers, their products and services, and, ultimately, their long-term health.

This is the Rot Economy, which is a useful description for how tech companies have voluntarily degraded their core products in order to placate shareholders, transforming useful — and sometimes beloved — services into a hollow shell of their former selves as a means of expressing growth. But it’s worth noting that this transformation isn’t constrained to the tech industry, nor was it a phenomena that occurred when the tech industry entered its current VC-fuelled, publicly-traded incarnation.

You ever wonder who's behind the steering wheel of the internet and tech? Well, at least trying to overtake the wheel...