Not really. Without the need for upward trending squiggly lines to justify CEO’s next pay increase or predatory institutions looking to buy up any business that doesn’t show growth every quarter and break it up for parts companies can quite easily scale back when demand shrinks.
It’s unthinkable to us because we pray at the alter of the shareholder but there are millions of small businesses that maintain steady profitability (with little growth) over the life of the owner. Or are even scaled back when needed (market issues, owner lifestyle changes) and then scaled up again when it is desirable.
A business that is allowed to have other goals other than increased profit growth no matter what can provide jobs, goods and still a regular profit in all types of markets. If the population shrinks then the company shrinks. And why shouldn’t it? There are less people to sell too and less people looking for employment.
Not really. Without the need for upward trending squiggly lines to justify CEO’s next pay increase or predatory institutions looking to buy up any business that doesn’t show growth every quarter and break it up for parts companies can quite easily scale back when demand shrinks.
It’s unthinkable to us because we pray at the alter of the shareholder but there are millions of small businesses that maintain steady profitability (with little growth) over the life of the owner. Or are even scaled back when needed (market issues, owner lifestyle changes) and then scaled up again when it is desirable.
A business that is allowed to have other goals other than increased profit growth no matter what can provide jobs, goods and still a regular profit in all types of markets. If the population shrinks then the company shrinks. And why shouldn’t it? There are less people to sell too and less people looking for employment.