this post was submitted on 06 Aug 2024
875 points (99.0% liked)
Technology
58303 readers
15 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
WE don't demand it.
By context "we" refers to google.
Derp, of course. Re-reading it now, so obvious.
Infinite growth in a closed and limited system.
I see absolutely nothing wrong with this.
edit
/s for the oblivious