• esc27@lemmy.world
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    2 months ago

    Yeah. They treat profit like a necessary business expense or a cost, and balance their budgets around it. Which perverts a fundamental of economics.

    I’m starting to think the stock market is just a really awful bank that is sometimes also a ponzi scheme.

    • WhatAmLemmy@lemmy.world
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      2 months ago

      The stock market IS a ponzi scheme, and the embodiment or everything that’s wrong with capitalism. It encourages greed and drives enshittification. It’s a system by the wealthy, for the wealthy (like 90% of stock is owned by the richest 10%, and most of that is owned by the top 0.1%). Expectations of infinite growth on a planet with finite resources is insane.

      Most of the human population would prefer (and benefit from) less greed, less enshitification, cheaper housing, cheaper groceries, cheaper products — than the possibility to own a share of evilcorp.