Nah, not even the basic “its capitalism” excuse works anymore for that idiocracy. Capitalism may force companies to increase earnings, which is already stupid enough in itself, but the timeframe that’s measured in got reduced so much in the last few years that even short term goals are impossible without cutting costs.
Ten years ago monthly earnings were at most an indicator, what mattered most were fiscal years. It slowly evolved to quarterly earnings and now we are at a point were a single “bad” (as in, not as much profit as last month) can plunge your stock prices by 10+%.
Yes capitalism always fucked over the working class, bit it wasn’t made to force big, profitable companies to self destruct for 0.5% higher monthly profits.
i think you neglect to consider capitalism’s growth (as a mechanic) itself. What you describe is exactly how it is working. What I believe is that this is an evolved economic system, designed from the start to “eat its own dogfood” so to speak.
Nah, not even the basic “its capitalism” excuse works anymore for that idiocracy. Capitalism may force companies to increase earnings, which is already stupid enough in itself, but the timeframe that’s measured in got reduced so much in the last few years that even short term goals are impossible without cutting costs.
Ten years ago monthly earnings were at most an indicator, what mattered most were fiscal years. It slowly evolved to quarterly earnings and now we are at a point were a single “bad” (as in, not as much profit as last month) can plunge your stock prices by 10+%.
Yes capitalism always fucked over the working class, bit it wasn’t made to force big, profitable companies to self destruct for 0.5% higher monthly profits.
i think you neglect to consider capitalism’s growth (as a mechanic) itself. What you describe is exactly how it is working. What I believe is that this is an evolved economic system, designed from the start to “eat its own dogfood” so to speak.