Competitive Destruction and Shortcuts in Public Capitalism

The culture of public capitalism puts pressure on companies to make short-term decisions that prioritize quarterly profits over long-term success./nThis can lead to a cycle of competitive destruction as companies sacrifice important values to boost stock prices./nInvesting in education and treating people well has been proven to lead to better products and more profit in the long run./nHowever, the gig economy has exacerbated this problem by creating a situation where companies can benefit from paying workers less.