@lledrtx@lemmy.world to Work Reform@lemmy.world • 10 months agoA billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this?lemmy.worldimagemessage-square211fedilinkarrow-up1880arrow-down120
arrow-up1860arrow-down1imageA billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this?lemmy.world@lledrtx@lemmy.world to Work Reform@lemmy.world • 10 months agomessage-square211fedilink
minus-squaresnooggumslinkfedilink1•10 months agoThe stock market is the reason for chasing quarterly profits and a massive part of what gets counted as the economy. It is the main driver of all the shitty late stage capitalism practices we are discussing.
minus-square@Coreidan@lemmy.worldlinkfedilinkEnglish1•10 months agoThe stock market is certainly part of the problem but it’s not everything. Capitalism in its entirety is the issue. Capitalism is based on infinite growth which is unsustainable and impossible. The stock market is just a tool to extract wealth from the populace. Without the stock market it would still happen but with less efficiency. You have the same problems with or without stocks.
The stock market is the reason for chasing quarterly profits and a massive part of what gets counted as the economy. It is the main driver of all the shitty late stage capitalism practices we are discussing.
The stock market is certainly part of the problem but it’s not everything.
Capitalism in its entirety is the issue. Capitalism is based on infinite growth which is unsustainable and impossible.
The stock market is just a tool to extract wealth from the populace. Without the stock market it would still happen but with less efficiency.
You have the same problems with or without stocks.