this post was submitted on 26 Oct 2023
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[–] slaacaa@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (1 children)

“Growth for the sake of growth is the ideology of the cancer cell”

[–] PersonalDevKit@aussie.zone 0 points 1 year ago* (last edited 1 year ago) (1 children)

The stock price will fall if we don't make more money then we did last year.

  • But why?

Because we are legally obliged to do what is best for shareholder, or they can sue us.

  • Right so the company needs to make more money again and again and again until the company or the world dies

About sums it up

Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.