Comment on Does everyone hate Google now? | Google's story over the last two decades has been a tale as old as time: enshittification for growth

Modva@lemmy.world ⁨1⁩ ⁨month⁩ ago

• profdc9@lemmy.world ⁨1⁩ ⁨month⁩ ago

  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.

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  • PhAzE@lemmy.ca ⁨1⁩ ⁨month⁩ ago

    Stock holders can sue the company if there’s a loss, too. That shouldn’t be a thing, but here we are.

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    • JovialMicrobial@lemm.ee ⁨1⁩ ⁨month⁩ ago

      Whoever passed that bullshit is responsible for so much of what’s wrong with our economy.

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  • AutomaticUpdates@monero.town ⁨1⁩ ⁨month⁩ ago

    *Capitalism demands infinite growth. Because the goal in capitalism first and foremost isn’t to provide a good product or to uphold morals, but to make money.

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• Potatisen@lemmy.world ⁨1⁩ ⁨month⁩ ago

  WE don’t demand it.

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  • jerkface@lemmy.ca ⁨1⁩ ⁨month⁩ ago

    By context “we” refers to google.

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    • Potatisen@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Derp, of course. Re-reading it now, so obvious.

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• A_Random_Idiot@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Infinite growth in a closed and limited system.

  I see absolutely nothing wrong with this.

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