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Phil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business' (www.pcgamer.com)

submitted 9 months ago by ylai@lemmy.ml to c/gaming@lemmy.ml

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[–] Dumbkid@lemmy.dbzer0.com 66 points 9 months ago (2 children)

I think the real problem is businesses have to grow. If most big companies weren't publicly traded then just being profitable would be enough.

Imagine making enough money to pay you and everyone else in your company a great wage one year, but it being bad because it wasn't more profit than last year.

[–] Anticorp@lemmy.world 37 points 9 months ago

I've seen companies phrase 8% growth as a negative because they missed their 10% growth target that they just pulled out of their own ass.

[–] kadu@lemmy.world 15 points 9 months ago

Infinite growth in an obviously finite world is such a moronic concept, yet the driving force of capitalism