Making something people want, charging them money for it, and earning a steady profit for a long time should be seen as a successful business. It seems increasingly rare for that to be the goal; instead, it's some form of demonstrating the potential for endless growth to pump up the stock price and enrich the current shareholders. We used to call the latter a Ponzi scheme and put people in prison for it.
Making something people want, charging them money for it, and earning a steady profit for a long time should be seen as a successful business. It seems increasingly rare for that to be the goal; instead, it's some form of demonstrating the potential for endless growth to pump up the stock price and enrich the current shareholders. We used to call the latter a Ponzi scheme and put people in prison for it.