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The biggest issue with this is that companies must always make more money every quarter. We see how stock markets react when company's miss their quarterly esti
by notaustinpowers 3y ago
The biggest issue with this is that companies must always make more money every quarter. We see how stock markets react when company's miss their quarterly estimates. It's enshitification on an economic scale.
1) Company sees explosive growth, pays workers a lot, workers spend a lot.
2) Company growth slows, reduces worker benefits, reduces raise frequency, workers restrict spending a bit.
3) Company growth screeches to a halt, layoffs ensure, benefits reduced more, bonuses for workers nixed, workers heavily restrict spending.
All this happening alongside inflation (standard or not) is where we're at now. Capitalism punishes that maintain stability in line with inflation, constant and unmanageable growth is what is rewarded. But constant growth is not possible, there's always a ceiling, always a limit, a finite amount of customers, a finite amount of money to be paid.
"Growth for the sake of growth is the ideology of the cancer cell". We have to have a cultural shift over what is considered success in business, because this isn't sustainable.
- mistrial9 3y ago.. with you until the "we" part.. in a competitive hierarchy, only unordinary returns will bring "wealth" .. the carrot in most cases, in public, is to "get rich" .. and that motivator started the stampedes of "animal powers" that paved North America and beat out the would-be French and Spanish powers.. nobody is steering that ship, however, it seems..