this post was submitted on 22 Sep 2023
896 points (97.8% liked)
Technology
57455 readers
3990 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
I'm baffled by the unrealistic demand for constant infinite growth from corporate shareholders and management. Those days are numbered.
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 all the things 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 we've reached a point were the broadening of both financial empoverishment and fall in quality of life - i.e. the things that can be purchased with the dwindling money most people earn are themselves getting worse) has become very visible and even painful for many.
Tell me you just woke up from a 50 year coma without telling me you just woke up from a 50 year coma
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.