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.