why is inflation necessary again?
stock market go brrr
If a company makes less profit than last quarter, no matter how many billions in profit that actually comes out to or how satisfied the customers are with the company’s products, investors will be sad and the line will go down. If a company makes more profit than last quarter, the line goes up regardless of if that growth is actually sustainable long term because that’s not our problem right now. All that matters is we can tell investors we had record profits this quarter, the executives get to take home their million dollar bonuses, and the line doesn’t go down until after those execs leave for even greener pastures.
So, a company can’t just be good at what it does at the scale that it does it, it must grow constantly like a cancerous tumor in order to stay attractive to investors. When people are flush with cash you squeeze it out of them as fast as you possibly can because, again, the future doesn’t matter right now and anyways they’ll just give it to someone else if you don’t take it first. Sell products that don’t last very long so the customer keeps coming back. Raise prices and cut staff when times are anything less than stellar but never under any circumstances lower prices or give workers more than the lowest amount it takes to keep them working, because that means less profit which means the line will go down which means the execs don’t get their bonuses and that is a fate worse than death.
