Post-war conglomerates pursued growth over profit as their prime goal
Evidence
Profitability remained essential for the army of technicians and influence-wielding employees making up the technostructure. … Nevertheless, profit was no longer their top priority. As with all bureaucracies, their primary goal was to keep their underlings employed and busy. This meant they had not merely to avoid the shrinking of their conglomerates at the war’s end, but to grow them. — Yanis Varoufakis, Technofeudalism, 147
Categorization
- XREF: Anticipates the technofeudalist thesis where rent and platform growth, not profit maximization, drive accumulation — and echoes We’s bureaucratic efficiency logic. — connects to: Stagnating growth plus deregulation pushed firms from production into financial investment — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 41; Postwar corporate managers prioritized growth over profitability — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 148
- corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 147
Broader Connections
- Stagnating growth plus deregulation pushed firms from production into financial investment
#complicates(0.95) — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 41