quakefultales

doctor computational theater snek

indie game dev, AI and narrative design researcher, playwright


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margot
@margot

the thing to keep in mind is that basically every industry in america is currently reaping the effects of over four decades of focusing exclusively on the short-term, which worked for them in the same sense as how clear-cutting forests work out. its going to take quite a while for many of them to recover and rebuild those audiences and customers, and given how the economy still has no incentive for anything but those short-terms, most of these industries are more likely to collapse and have to be rebuilt from the ground up instead.


nex3
@nex3

per Marx, the reason companies have been able to continue focusing on the short-term for so long (I'd say well more than four decades) is because they've continued to find or create new markets they can expand into and exploit. but we're reaching the tail end of amount of profit that can be extracted from the most recent frontiers (neocolonialism and the internet), and the increasingly desperate attempts of capitalists to invent new markets out of whole cloth are predictably failing. but they aren't going to be able to just rebuild in a sustainable way; the whole logic of profit extraction only works when infinite growth is possible. once capital can't reliably be turned into more money, the escalating crises become impossible to keep sweeping under the rug and something new has to emerge


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in reply to @margot's post:

i sincerely have no way of understanding how they keep stepping on these rakes besides assuming they're all either (a) hopelessly corrupt and lying, or (b) dumber than bricks. and really for any given member of the executive class, it could go either way

There is a third possibility that they are aware this can't last forever but desperately need to believe otherwise, whether that's to continue playing the role of a big business leader (what investor wants to hear that profit is going to go DOWN next quarter?) or to keep their own person from feeling the inevitable crash into the wall.

in reply to @nex3's post:

absolutely true and tbh as much as i’d like to just blame reagan or something i do think a lot of this happening is less bc ceos got less responsible or whatever bullshit liberals believe and more just bc everyone just assumed the postwar boom would last forever and needed Some way to keep it going as long as they could

I think there's some blame to be heaped on Reagan here as well!

While I think you're right that CEOs didn't get less responsible or whatever, I do think deregulation tore down some of the checks on their worst impulses, and New Public Management gave society a whole bunch of cracks for capital to wriggle into and suck out infrastructure spending.

I will never not be mad that being profitable isn't enough. Being a stable company that fuckin' makes money isnt enough. It's so twisted that it's a perpetual growth mindset.

i know it gets oversaid but i dont care I wanna get to say it now!!

THE OLD WORLD IS DYING AND A NEW ONE STRUGGLES TO BE BORN!!!! let 'venture capitalist' have the same fictional notion that 'noble pennyfarthing manufacturer' has.. something that might have been around at one point in time but saying it makes you sound like you're telling a dumb joke