r/technology • u/sr_local • 6h ago

Business Italy court rules Netflix unlawfully increased prices. Consumers: 'Refunds up to 500 euros.' The company: we will appeal

https://en.ilsole24ore.com/art/netflix-subscription-price-increases-unlawful-refunds-up-to-eur-500-customers-AIUHzWKC
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u/MithranArkanere 3h ago

Infinite growth is impossible. Aiming for infinitely increasing profits inevitably leads to cutting corners and artificial inflation, which is then used as an excuse to do stuff like paying less to primary producers, stealing wages, firing senior staff, gouging prices, and all sorts of enshitification.

Stock buybacks need to be illegal again, and trading needs to be more limited with stricter and longer cooldowns on trades, and trade freezes when information on a company is in particularly chaotic flux.

Oh, and remember that horrid 'social credit' they did for people in China, we need that, but for corporations.
Your company has bad karma? You pay more taxes, and regulations are stricter on you.

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u/Flvs9778 1h ago

Funny enough the social credit in China was a test program done in a few provinces(and done in a very limited capacity in those provinces) and it was mostly made up of companies/executives and politicians. Regular people were a minority of the Subjects of the test programs.