@tess @CatherineFlick I’m so, so, tired of the entire economy being built on the assumption of infinite growth. Facebook having a fit when they stopped growing quite so fast because *most of the developed world already had an account* also springs to mind.
@CatherineFlick @jon @tess it’s unfortunately spread far beyond venture capital funded startups (though they are almost by definition designed for hyper growth or going bust) most companies especially most public companies are now run for short term apparent growth - at least by the measure of earnings per share (ideally just above what the market “consensus” is expecting)
Largely achieved by stock buybacks down to only $787B in 2023 vs $981B in 2022 (to reduce the number of shares)