Yup, consume now, profit some this quarter. Nevermind putting in the effort to invent new technologies that could profit and dominate for decades. It is exact

Yup, consume now, profit some this quarter. Nevermind putting in the effort to invent new technologies that could profit and dominate for decades. It is exactly the myopic financialist's approach. It works great for a while, juicing artificial growth. Meanwhile it starves the real growth engines, so when it stops working, there is no hope of recovery before failure (but the finance wizards have by then moved on). Normally this applies at the scale of companies, but here it applies on the scale of nations or societies. Ignore at our peril.