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Because in the CEO's mind, it creates value for shareholders and is thus a net good for society. And since we rarely do anything of consequence to dissuade peo

Because in the CEO's mind, it creates value for shareholders and is thus a net good for society. And since we rarely do anything of consequence to dissuade people from thinking like this, it shall continue regardless of the consequences of this delusional thinking.

sheepscreek 2y ago
Means to…what end is the big question. Unfortunately, this touches on life’s biggest mystery - what is our purpose? Why are we alive? More close to the situation - what is the purpose of a company? Wealth creation for who? I’ve been joking with friends and family that when there are no jobs and the rich elite are even richer, the only way to make more than universal income would be to invest in stocks and become another “shareholder”.
api 2y ago
It would be good for society if the benefits of increased productivity enriched the whole society, but of late that isn't happening very efficiently.
- IanHalbwachs 2y ago
  Has it ever?
  - Ekaros 2y ago
    Food is pretty cheap. Or at least stables are. Same goes for clothing, it might be somewhat worse than it used to be, but it is incredibly cheap. Lot of stuff is very cheap to buy, so I would say that some efficiency gains do go to consumers.
  - drysine 2y ago
    In the USSR for sure.