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No idea why you are being downvoted. A Red Queen's Race is exactly what's going on. Even without much currency inflation there is constant pressure for business
by api 9y ago
No idea why you are being downvoted. A Red Queen's Race is exactly what's going on. Even without much currency inflation there is constant pressure for businesses to outgrow each other because... well... everyone else is doing it! It's exactly like the constant arms race that occurs between nations and forces them to constantly spend trillions of dollars on weapons that will mostly never be used.
- digi_owl 9y agoFrankly i see the pressure coming from the financial world. There is a massive, blinding, focus on quarterly profits and dividends. This leads to all kinds of hype cycles and cargo cults to try to goose the stock price, no matter how hail mary or unhealthy it is for the corporation in the long term.
- api 9y agoThat is also a Red Queen's Race. It's a blinding focus on quarterly profits all the way up, and down.