In fact, I'd argue that investors — not just those backing pre-IPO businesses, but also those investing in public companies — have become entirely disconnected from production, to the point that an alarming amount of modern business is done to please investors over customers, turning product strategy into a form of symbolic marketing. Our economy isn't one that produces things to be used, but things that increase usage — and the result is the public decay of creativity and innovation.
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in reply to @NireBryce's post:
The whole corporate world feels like it's doing an acme coyote bit, running off a ledge and not yet looking down.
I feel like the ground was lost from beneath their feet when corporations saw c-suite positions as entirely fungible — there was no need for knowledge of the company itself.