> Without good culture, everything else won’t work well

Except the market is full of proof this isn't true. You can still do very well with a broken culture if you have an oligopoly, through tactics like vendor lock-in, by buying up upstart competition early, using VC funding to capture the market by selling below cost, etc.

And now that you have hundreds of thousands of people who have been laid off from high-paying jobs, it's an employer's market.

▲

Kinrany a day ago | parent | next [-]

You're listing examples where there is no market

▲

ElProlactin a day ago | parent [-]

Correction: I'm listing examples where "the market" doesn't function like an ideal, healthy market.

Search, social media, key SaaS markets, healthcare, insurance, etc.

▲

Kinrany 14 hours ago | parent [-]

Right. So these are all examples of market forces being irrelevant. This isn't the market showing that culture doesn't matter: when the winner is predetermined, culture or anything else couldn't _possibly_ matter, as long as it is not so critical that getting it wrong kills the company in the most literal sense.

	▲	ElProlactin 5 hours ago \| parent [-]
		I understand your angle, but I'm coming from a different one: these are the "market forces" that matter today across a wide swath of industry, and, most importantly, the most lucrative industry. Capital beats culture most of the time today, so companies optimize how they use capital.

▲

johnnyanmac 20 hours ago | parent | prev [-]

Those examples all had good culture at some point. It's just that once you're too big to fail (and/or have captured regulatory bodies) you get to tear apart the culture and extract the short term rewards. Literally killing the golden goose.

It's short sighted yes... And that's the point once your means of making money is not tied to societal productivity.