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39
Phil Spencer blames capitalism for being bad at his job (www.pcgamer.com)
posted 1 year ago by triforce28 1 year ago by triforce28 +39 / -0
Phil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing busi...
Spencer said publicly traded companies have to show constant growth or else nobody will give them money.
www.pcgamer.com
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– Guy_Incognito76 19 points 1 year ago +19 / -0

Infinite growth is a sort of ponzi-nomics that funnels stock cycles, and the bizarre idea that you can forecast your company's profits for the next 5 years with total accuracy. Everything in the market is based on this idea that it is predictable when every single person involved knows it is not. So when the unpredictable happens, suddenly the government gets called in to change reality to match their projections.

If we actually lived in a pure capitalist system, then Xbox Games That Has Never Shown a Profit wouldn't exist.

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▲ 6 ▼
– MetallicBioMeat 6 points 1 year ago +6 / -0

Infinite growth is a sort of ponzi-nomics that funnels stock cycles, and the bizarre idea that you can forecast your company's profits for the next 5 years with total accuracy.

Oh, dear we are in the planned economy of the ccp, it was just hidden by a extra layer of words, haha

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