this post was submitted on 20 Dec 2023
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[–] FlyingSquid@lemmy.world 28 points 9 months ago (3 children)

Not just the constant need for that sort of growth. In our late-stage capitalist society, companies are expected to make more profit than last year every single year. As if that is somehow sustainable.

[–] dan1101@lemm.ee 13 points 9 months ago* (last edited 9 months ago)

Exactly, that is a ridiculous, anti-consumer and anti-environment standard.

[–] diffcalculus@lemmy.world 11 points 9 months ago

Apple has made record profits of $X billion dollars this quarter. However, that is only $3 billion more than last year same quarter.

You're right, Greg. One has to wonder: will Apple be bankrupt next year?

[–] frezik@midwest.social 2 points 9 months ago

Working for a Fortune 500 and hearing executives talk is surreal. They straight up say things like "if you're not growing, you're failing". No thought at all as to how that's supposed to work in the long run. The post-pandemic surge in profits doesn't help; companies that usually don't get 15-20% profit margins suddenly saw that, and the expectation of shareholders is that they can keep doing that forever. That's insane.

Conversely, I'm also active in my local makerspace. We've grown massively in less than 10 years, and deliberately stopped taking new members for a few months because our volunteers were getting burned out. When we reopened, we kept the new member signups intentionally limited so certain areas (woodshop, mainly) would be able to absorb turnover without driving the trainers too hard. We still have net growth, but way slower than we were before. We're far from failing, and the MBAs running Fortune 500s can go fuck themselves.