@petethomas @aparrish It's an older flaw in capitalism than that, surely. Growth reports have been key quarterly earnings information to Wall Street for at least decades. It's an implicit assumption in centuries of stock trading that companies grow or they die, with little middle ground. It was a 1980s management book fad that codified that into an aphorism. It's a philosophy of life for vulture capital firms and certain types of "activist shareholders".


@max @petethomas@wandering.shop "It's... capitalism" :blobthinksmart:

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