Additionally - That asset stripping and profiteering are “efficient”. It’s a bit of a euphemism at this point I think.
Most companies I’ve worked for have cut their resources to the bone in search of efficiencies which are more accurately described as shareholder profit maximisations, but are pitched as “just in time” operation. Why hire two people when one can do a good enough job at half the pay. Why fabricate something locally when we can get a third party in SE Asia to make the same thing for peanuts and then charge EU pricing in our market.
Neither maximise efficient operations, just the efficient extraction of profit.
Additionally - That asset stripping and profiteering are “efficient”. It’s a bit of a euphemism at this point I think.
Most companies I’ve worked for have cut their resources to the bone in search of efficiencies which are more accurately described as shareholder profit maximisations, but are pitched as “just in time” operation. Why hire two people when one can do a good enough job at half the pay. Why fabricate something locally when we can get a third party in SE Asia to make the same thing for peanuts and then charge EU pricing in our market.
Neither maximise efficient operations, just the efficient extraction of profit.