4 ms·
The problem with the quarterly profit motive is that it's not voluntary for the US electorate. If Americans could vote on their preferred time intervals to man
by htss2013 3y ago
The problem with the quarterly profit motive is that it's not voluntary for the US electorate.
If Americans could vote on their preferred time intervals to manage towards, they wouldn't pick quarterly. Quarterly screws the overwhelming majority of people who care about the future.But it's not up for discussion, debate or the political process.
It's similar to US foreign military aid. Nothing anyone says or does will change it. Whoever or whatever controls it is beyond the reach of the political process, at least the part that 99% of people can participate in.
People treat quarterly myopia like an emergent phenomenon, like it's some kind of maximum that the country naturally converged upon. Except there's nothing natural about it, and it only benefits a small number of unaccountable people.