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.
I thought capitalism was just that the market should be open.
I didn’t recall any mentions of infinite growth.
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
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.