Tell me you just woke up from a 50 year coma without telling me you just woke up from a 50 year coma
OldQWERTYbastard@lemmy.world 1 year ago
I’m baffled by the unrealistic demand for constant infinite growth from corporate shareholders and management. Those days are numbered.
nonailsleft@lemm.ee 1 year ago
TheSaneWriter@lemmy.thesanewriter.com 1 year ago
Indeed, but no one knows what that number is. Corporations are currently of the mindset of “that will happen in the distant future, so we can keep going.” Of course, eventually, that distant future will become the present and things will collapse, but they’ll keep saying it’s in the future until then.
Aceticon@lemmy.world 1 year ago
It’s basically one massive Tragedy Of The Commons (if one is being nice, Ponzi Scheme if one is not being nice) were “somebody else” is supposed to pay people good salaries and “somebody else” is supposed to pay the taxes that support the whole damn structure in which these people are getting rich and get to keep their riches and “somebody else” is supposed to “buy my shares” at a higher price.
Everybody expects “somebody else” to take on the costs of keeping the system going all the while cashing in on everything only possible thanks to that very same system they contribute into the minimum they can get away with.
It makes all sense for a single economic actor to act in a purelly extractive way when all others have a more balanced economic posture, but the problem is that over the last 4 decades ever more of the economic activity has passed into the hands of such people and now most of it is done like that (which is why “rent seeking” is so common) and the rest of the economic actors (the ones who produce rather than extract) can’t keep up anymore (hence why you’re seeing a broadening of both financial empoverishment and fall in quality of life - i.e. the things itself that can be purchased with the dwindling money most people earn are themselves getting worse).