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Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' (fortune.com)
submitted 3 months ago by to c/technology@beehaw.org
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[–] 6 points 3 months ago (1 child)

Maybe shares should be 'sold' on subscription, like so many other things these days. You 'buy' them but you don't 'own' them - you just get the benefits of having them temporarily. That should reduce the incentive to 'own' shares in companies that are not profitable.

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  • [–] 13 points 3 months ago

    Back in the before times we called that a 'dividend' and the company would pay you one of they did business well and made profit.

    Then the dark times came and the 'speculators' arrived, caring not for the dividend but for the price itself. Expecting it to go ever on up. The dividend was forgotten.

    Business didn't have to be good and profitable it just had to have 'promise' and 'venture'. They propped each other up, made their prices up. Each leaning on each other with no foundation each nor to share. They cared not, for they had a 'system' and means already their own to sustain themselves.

    The people looked on in horror, knowing the 'bubble' must burst in the air and not settle gently to the ground and rest easy. Power they had not, only the 'sight' of their incoming doom.

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