Sure, if the CEO is replaced by someone else who can manage the company, sure. But you cannot generally expect people to manage themselves. That’s why communism never worked and never will.
Also, what is according to you a glorified casino?
Suppose that dropbox employs twice as many people as other cloud providers. Would you be willing to pay them the twice amount for the same product the competition offers just because they employ more people?
You know, we live in the world of competition where you need to be ahead your rivals, otherwise your company fails (and all employees lose their jobs). So cutting costs where it’s possible makes perfect sense, especially if the employees can be replaced by computers or sth.
Tesla and Elon are one of the reasons why I don’t but individual stocks but I rather get indices… It’s just the lack of consistency and the fact a single person can make you lose money…
The fact you think the product sucks does not mean it’s not good for many other people.
For example, I have Framework Laptop and I really think surface laptops suck due to how unrepairable they are. However, that does not mean that everyone cares about their repairbility…
So far no one has built it to the level where money is useless. And the countries that have tried ultimately failed and usually returned to capitalism - for example India, Israel or pretty much most of Warsaw pact countries.
Imagine calling stocks a casino xD