I believe there is a problem that affects the entire world that we are failing to acknowledge and address; a problem by which mankind has screwed itself. And I realize also that the excision of this problem is going to be very painful and very difficult.
But it is the stock market. The existence of a parasite caste that not only survives but grows fat by feeding on the working class.
And if you don't know about this problem I'll do my best to explain.
It started when people had the idea of selling shares of a potential business idea they had in order to have capital to begin the business.. If the business did well then the people with the shares could trade them back in for that percentage out of the value of the business. Which sounds fine, right?
Where we got into trouble was the practice of trading shares on a marketplace, which meant that startups had to compete with each other directly to get people to invest in them. They had to offer the best return. And it was no longer about people liking the ideas and investing because they wanted to see that thing brought into the world - it became about profit and nothing else.
The other major ingredient in this fuckup salad was that companies would sell as many shares as they could to amass capital. Then spend that to make themselves look more successful and drive up demand.
The issue with that is that the shares in the hands of the shareholders end up being worth more than the typical large company has in available liquid assets. In short, if the shareholders were to start cashing in, the company wouldn't be able to afford to pay them and would go out of business.
And since the shareholders have gotten used to living off of the growth of the company shares, if that growth stops, they will indeed cash out and find another new startup to invest in. So the company promises growth, and has to find ways to increase profit every year. Which is very difficult once they've expanded to fill their market. Once there's no more room for natural growth, they have to start finding other ways to increase profits.
They'll look for cheaper means of production, offer less for the same price, start firing employees, cutting corners on safety regulations... They wind up trimming their own fat to feed the parasites.
And they've dug in so deep, their heads are buried so completely in the thick skin of the world's economy, that I don't know how to extract it.
dededos
2087
dailybridgerton
theartofmadeline
