3 ms·
There was a period of time when to get the highest ROI you had a factory built, you hired a bunch of people and had them make and sell washing machines, fridges
by mordae 2y ago
There was a period of time when to get the highest ROI you had a factory built, you hired a bunch of people and had them make and sell washing machines, fridges and vacuums.
Since everybody now has a washing machine, fridge and vacuum, the profits fell and the manufacturing just barely sustains itself.
Since the founders / owners / shareholders extracted all excess profits, the companies became brittle in crises, causing them to buy each other until there is just about 1 per continent, possibly 1 in the whole world.
The only way to jack up prices until then, barred burying the whole planet under a pile of planned obsolescence electronics garbage, is to invent new ways to introduce scarcity. Like gating certain features behind a subscription fee.
And temporarily also to lay off as many people as possible, replacing them with automation.
Please elucidate how do you envision next win-win capitalism-based boom. Time savings to everyone have been driving the last one. The only area with a low-hanging time-saving fruit remaining is time on job. Which is exactly the time capitalism seeks to maximize for workers.