this post was submitted on 06 Aug 2024
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We demand infinite growth. Why? Because shareholders want to buy shares and sell them later for more.
Do anything it takes to make that transaction happen, cut people's jobs en masse, whatever.
Forever.
Stock holders demand infinite growth. If the management doesn't make money, they put in place new management. A company is only worth the value of the next stock buyback or dividend. It's baked into the structure of corporations, especially publicly-owned corporations.
Stock holders can sue the company if there's a loss, too. That shouldn't be a thing, but here we are.
Whoever passed that bullshit is responsible for so much of what's wrong with our economy.
*Capitalism demands infinite growth. Because the goal of Capitalism first and foremost isn't providing a good product or upholding moral values, but making money.
Infinite growth in a closed and limited system.
I see absolutely nothing wrong with this.
edit
/s for the oblivious
WE don't demand it.
By context "we" refers to google.
Derp, of course. Re-reading it now, so obvious.