Investing in the future costs money and lowers our quarterly profits, just sell it off so the investors get bigger numbers immediately.
And remember: markets are efficient 🤡
One day in the future they will really tear the wires from the wall to increase quarterly profit and The Economist will praise this move
That’s basically neoliberalism: infrastructure, education, healthcare, clean water, all of that costs money. Just sell it off.
Yes as metaphore of social costs it indeed is and always was, but i meant it completely literally.
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I would have hoped this article would tell me why their CEO has shifted spending back towards oil and gas and away from low-carbon projects.
Because everything stillrunds on oil gas and the pedos are doing everything they can to raise the price and cash in. Like bombing Iran. Suddenly the new oil fields are not wasted…
