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Comment on If everyone is fired by AI, who's going to buy the products and services made by the companies if no one has money anymore?

TheFeatureCreature@lemmy.world ⁨5⁩ ⁨months⁩ ago

Capitalism is all about short-term profit. These sorts of long-term questions and concerns are not things shareholders and investors think or care about.

Further proof of this: Climate change.

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Thorny_Insight@lemm.ee ⁨5⁩ ⁨months⁩ ago

These sorts of long-term questions and concerns are not things shareholders and investors think or care about.

Well that’s not true at all. The vast majority of investors are on it for the long term.

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Empricorn@feddit.nl ⁨5⁩ ⁨months⁩ ago
Did you mean to say shareholder and corporate management? Investment itself (especially diversified) is completely about long-term performance.

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Blubber28@lemmy.world ⁨5⁩ ⁨months⁩ ago
Yup, economics are all about “LiNe mUsT gO uP!!!” It’s infuriating as all hell for people that can actually see further than the tip of their own nose.

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