The whole idea of investments always going up is an absurd idea that needs to go. At this point I infinitely prefer a private company over a publicly traded one.
It’s a bit of an inherent issue sadly, if your goal is to multiply money why would you invest in a company whose profits stay the same over one whose go up? And you have no reason to care if the company eventually dies as a result, you just move your money into the next one.
And most people investing money will be doing so with the only purpose of multiplying that money, as it’s mostly banks and similar institutions. In theory if the main investors of a company want it to prioritize user experience over profits, the companies’ duty to its shareholders would also be to ensure good user experience. But that’s never going to happen.
Multiplying your investments is the basis of capitalism. To speak to your point of it being an inherent issue - I find the idea of removing the profit motive from capitalist enterprise to hilariously reactionary. Not because I like capitalism, but because so many people that support capitalism want to “reform” it by ripping its heart out (one artery at a time, at least). I want to rip its heart out for the express intent of killing it - what strange allies we make!
The whole idea of investments always going up is an absurd idea that needs to go. At this point I infinitely prefer a private company over a publicly traded one.
It’s a bit of an inherent issue sadly, if your goal is to multiply money why would you invest in a company whose profits stay the same over one whose go up? And you have no reason to care if the company eventually dies as a result, you just move your money into the next one.
And most people investing money will be doing so with the only purpose of multiplying that money, as it’s mostly banks and similar institutions. In theory if the main investors of a company want it to prioritize user experience over profits, the companies’ duty to its shareholders would also be to ensure good user experience. But that’s never going to happen.
Multiplying your investments is the basis of capitalism. To speak to your point of it being an inherent issue - I find the idea of removing the profit motive from capitalist enterprise to hilariously reactionary. Not because I like capitalism, but because so many people that support capitalism want to “reform” it by ripping its heart out (one artery at a time, at least). I want to rip its heart out for the express intent of killing it - what strange allies we make!
It’s not even an “idea”. They legally have to do whatever they can to make it go up. It’s idiotic and poisonous.