this post was submitted on 29 Nov 2024
922 points (99.0% liked)
memes
10705 readers
3244 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I thought capitalism was just that the market should be open.
I didn't recall any mentions of infinite growth.
There's really no point arguing with someone who thinks in memes, and definitely not with someone who leads with "Capitalism is cancer." But business does have a "grow or die" philosophy, which could be what the person means by misapplying the term "infinite". The mainstream business world knows literally infinite growth isn't possible - although many people in business don't see or acknowledge specific limits, or think they're so far away they can be treated as infinite right now.
This, they keep thinking profits have to go up indefinitely, so they raise it far beyond what can be reasonably accounted for inflation. Then they wonder why no one's buying.
The idea that "people need to afford your product" doesn't register to these clowns.
Except that's not what's happening - people still ARE buying, and that's why jacked-up covid prices have stayed high. Companies found that ridiculously high prices didn't hurt sales, so they see no reason to roll them back. Amazingly it turns out Econ 101 doesn't represent immutable laws of physics.
Except they aren't and so many companies are hemorrhaging money.
No, but it follows. It's what the open market demands.
If that's all it was or if that was actually what it was, but the markets aren't open. They're closed off to anyone but the rich