Tatar- is correct. “growth” is the problem inherent in publicly traded corporations. Growth sounds good. Living things grow!
But growth in this case means expansion,literally unlimited (in theory) which is how you take something quite viable (coffee, food, net service) and turn it into a monster that needs to endlessly grow, cut corners, cut salaroes, etc.
Growth has little to do with profit. Public corps are sold (shares) and to maintain/increase value of those shares, get monetarily bigger.
The whole “IPO” thing is a model based on this expectation of future growth.
Not profit salaries and goods, like a corner store. THAT could be sustainable.
Tatar- is correct. “growth” is the problem inherent in publicly traded corporations. Growth sounds good. Living things grow!
But growth in this case means expansion,literally unlimited (in theory) which is how you take something quite viable (coffee, food, net service) and turn it into a monster that needs to endlessly grow, cut corners, cut salaroes, etc.
Growth has little to do with profit. Public corps are sold (shares) and to maintain/increase value of those shares, get monetarily bigger.
The whole “IPO” thing is a model based on this expectation of future growth.
Not profit salaries and goods, like a corner store. THAT could be sustainable.