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[–] 9 points 3 years ago* (1 child)

Myopia is going to kill everything.

Definitely agree. That's the entire global capitalist platform, with the last ~50 years dialing that mentality up to 11. Profits today above everything else. Publicly traded corporations will be one of the primary causes that leads to downfall of everything (and yes, I realize they're not the only problem plaguing our society and environment, but they're a damn big one).

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  • [–] 10 points 3 years ago* (last edited 3 years ago) (1 child)

    My workplace stock price plunged 80% when the earnings report was lower than previous year. Not loosing money, but earned slightly less than previous year.

    A company that makes hundreds of millions in revenue, every single year for decades, had a single year where the revenue decresead ever so slightly, not even close of going into red numbers.

    Stock market is the most irrational thing

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