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this post was submitted on 17 Oct 2023
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Valve able to do that because they are private company, the exponential growth is only made mandatory because of the stakeholder. if the growth is stagnant(even with healthy profit), it's very unattractive to investor, hence growth is needed to keep the cog running.
I wonder, what actual benefits are there in publicly traded companies for society as whole? Benefits that are good for you, me and everyone else equally.
It's mostly the effect of expanding the company, like more job, better product, etc etc. sometime it help develop the society quicker because they get more capital to do bigger thing and put in research to do better thing or find new thing, but in return you have to promise growth and return to people giving you money to do that thing. i don't think it's meant to be altruistic cus it's not charity.
A bit like the difference between building bigger and unstable houses vs smaller and stable. No idea where you got the charity concept from, i dont think anyone has even mentioned it before.
Charity as in the purpose is purely for the good of society. Unless it's rhetorical, I merely answer your question.
Sorry, when word "charity" gets mentioned in this context tends to annoy me a lot as sentence "we are not a charity" seems to be like magic word to some that can be used to excuse any shitty behaviour by the company.