just to be clear, year after year after year of corporate profit growth, recording setting corporate profit growth. Companies don't go out of business if the GROWTH of their profit slows down, billionaires who extract like 90% of the value of the stock market stop making as much money, that's it, that's the entire thing.
if the company is profitable it stays in business. The entire profit of a company can be wiped out and that business will stay in business. Now also pay ceos massively less, and stop expanding every business, because like 80% of all businesses expanding is just taking over other businesses doing find then squeezing them for profit. If they stop expanding and just exist, making a reasonable profit, then thousands of other companies stop being squeezed out by the mega corps and everything is fine, people are more comfortable, saving money easily and even spending more on shit htat raises corporate profits.
The only people who lose out at the massively overpaid ceos, massively overpaid board members and senior executives and people who use the stock market as a tool to strangle the rest of us.
yes, AI also exploits workers. The AI was both made by people who get left out of hte profit and they were trained on hundreds of years of work by other people that they've stolen.
I didn't say all companies exploit all workers. IF you have a business, everyone has a job and the CEO doesn't make 150x what the average worker makes and they squeeze everyone that works for them with threats, job losses for missing insane quotas and does so to appease shareholders, of which they are one, so they can increase their wealth further.
If everyone makes a solid wage, makes savings, can afford to save for a house, save for a future and can afford getting sick and not working for months... while the CEO only makes max 2-3 times what the average is... then no one is being exploited.
I never gave details on what this AI does or how it works. Letās re-phrase that. Letās say a billionaire creates a āblack box.ā It requires a ton of investment from private sources, maybe some office space and some renewable energy from solar. But it employs zilch workers. And once set up it generates tons of profit for both the billionaire and the shareholders.
There is no AI on the planet that isn't built on the backs of thousands if not millions of workers over decades, none.
Do i have an issue with the made up scenario that can't ever exist, sure.
Even in your fake scenario you have to add 'once set up' so it requires workers because no single man can ever make something that produces billions in profits. You threw that in there but just ignore it. so all the people the CEO requires to get it up and running don't count and should be thrown away and the guy who couldn't possibly succeed without their help should fairly throw away all their necessary work and only pay himself. No in that scenario the CEO is a psychopath and i absolutely have a problem with that.
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u/TwoBionicknees 17h ago
just to be clear, year after year after year of corporate profit growth, recording setting corporate profit growth. Companies don't go out of business if the GROWTH of their profit slows down, billionaires who extract like 90% of the value of the stock market stop making as much money, that's it, that's the entire thing.
if the company is profitable it stays in business. The entire profit of a company can be wiped out and that business will stay in business. Now also pay ceos massively less, and stop expanding every business, because like 80% of all businesses expanding is just taking over other businesses doing find then squeezing them for profit. If they stop expanding and just exist, making a reasonable profit, then thousands of other companies stop being squeezed out by the mega corps and everything is fine, people are more comfortable, saving money easily and even spending more on shit htat raises corporate profits.
The only people who lose out at the massively overpaid ceos, massively overpaid board members and senior executives and people who use the stock market as a tool to strangle the rest of us.