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[-] lutillian@sh.itjust.works 12 points 1 year ago* (last edited 1 year ago)

It's actually kinda interesting. Companies that practice what is sometimes referred to as conscious capitalism actually tend to drastically outperform their traditional infinite growth peers. Turns out when wealth is all accumulated in the pockets of a rounding error of the world's population the economy begins to slow down. A lot.

It's still not likely as good as something like a co-op but some corporations actually understand that customers, owners, investors AND employees are all stakeholders in their business. When the company's earnings directly impact how much an employee can make they tend to be more driven to try their best to improve how much the company makes. Likewise happy employees often (unsurprisingly) have a tendency to simply try harder at what they do. When they aren't constantly worried about being able to pay their bills, they tend to be happier. The whole thing just kind of turns into a giant feedback loop of growth.

Only thing is that a lot of conscious capitalists will in the same breath as stating all of this say that socialism is bad which amuses me, because what they suggest does certainly start to sound a lot like it.

this post was submitted on 05 Aug 2023
475 points (98.2% liked)

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