Postwar corporate managers prioritized growth over profitability

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, 148

Categorization

• XREF: Contrasts managed corporate capitalism with the later profit-maximizing shareholder capitalism Varoufakis describes following it. — connects to: Post-war conglomerates pursued growth over profit as their prime goal — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 147

Broader Connections

• Post-war conglomerates pursued growth over profit as their prime goal #corroborates (0.95) — Yanis Varoufakis, Technofeudalism, 147