And the act of seeking to increase return on capital, i.e. profit, in order to not go into default on debt - which provides the basis for industrialism - is the motive for the crime, the driving force. Go into default on your bonds and your interest rate goes up, skip a dividend or cancel it altogether, and stock value rapidly decreases.…
And the act of seeking to increase return on capital, i.e. profit, in order to not go into default on debt - which provides the basis for industrialism - is the motive for the crime, the driving force. Go into default on your bonds and your interest rate goes up, skip a dividend or cancel it altogether, and stock value rapidly decreases... so you have to always increase earnings per share because a quarterly earnings report which shows flat growth - or even worse, negative growth, has bad effects on stock values and the longevity of corporate CEOs... And recessions - periods of decreased or negative growth in GDP - have bad effects on the career longevity of politicians. And all of this growth is both dependent on energy and is an exponential process, so growth requires exponential increase in the amount of energy converted from a useful form into a non-useful form - and with finite and non-renewable energetically-dense resources, this cannot be continued - there are hard limits: https://www.youtube.com/watch?v=kZA9Hnp3aV4
And the act of seeking to increase return on capital, i.e. profit, in order to not go into default on debt - which provides the basis for industrialism - is the motive for the crime, the driving force. Go into default on your bonds and your interest rate goes up, skip a dividend or cancel it altogether, and stock value rapidly decreases... so you have to always increase earnings per share because a quarterly earnings report which shows flat growth - or even worse, negative growth, has bad effects on stock values and the longevity of corporate CEOs... And recessions - periods of decreased or negative growth in GDP - have bad effects on the career longevity of politicians. And all of this growth is both dependent on energy and is an exponential process, so growth requires exponential increase in the amount of energy converted from a useful form into a non-useful form - and with finite and non-renewable energetically-dense resources, this cannot be continued - there are hard limits: https://www.youtube.com/watch?v=kZA9Hnp3aV4