Nah , most people are by default looking for something more meaningful than increasing profits. It’s modernity that’s created a society of profit at all cost, which has to be unlearned.

I am a contract-drafting Em,

The loyalest of lawyers...

Please don’t confuse all of humanity with the capital market paperclip maximizers. Outside of a few developed countries, there are no stock or equities markets.

If you look at the US capital markets, the number of public companies has been trending down over time and the bottom 90% of the S&P500 hasn’t seen any growth since 2022.

We’re still going to live great lives with meaning and purpose as the relevance of the capital markets declines and we can decouple from it, and those who keep squeezing it for suboptimal purposes (relevant due to the harm caused from said squeezing).

https://finance.yahoo.com/news/jamie-dimon-number-u-public-1...

> JPMorgan CEO Jamie Dimon raised this issue in his annual letter a couple of weeks ago. In the mid-1990s, there were nearly 8,000 public companies listed in the U.S. Today, there are half as many, and at the current rate, we’ll see that number halved again by 2044. “The total should have grown dramatically, not shrunk,” Dimon wrote.

Please don't post unsubstantive comments or add flamebait to HN threads. We're trying for something different here.

https://news.ycombinator.com/newsguidelines.html