Greentext

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This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

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Anon is often crazy.
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Anon frequently shares thoughts that are immature, offensive, or incomprehensible.

If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.

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Early_To_Risa@sh.itjust.works

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Anon isn't a Microsoft fan (sh.itjust.works)

submitted 2 days ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] msprout@lemmy.world 5 points 1 day ago* (last edited 1 day ago)

It was Jack Welch, and it was during the 1980s 'Yuppie', 'Greed is Good' era.

Fiduciary duty is cancerous in a way that has really accelerated Capitalism. It encourages businesses that would otherwise be entirely sustainable at a small size attempt to grow until they are incompetent, which causes a consistent breakdown/selloff cycle.

Imo this is a function of pensions being purposefully replaced with 401ks. It pinned more and more retirement funds to the performance of a stock market, ostensibly to encourage employees to feel staked in the company stock performance. But it was just a clever way to get away from direct-deposit pension funds.