THE TROUBLE WITH BIG TECH AND INFINITE GROWTH THEORY

Big tech companies—as we call them today—are laying off large swathes of people. Some of their CEOs have given various reasons ranging from over-employment to recession or changing consumer patterns.

Most fail to mention or avoid the word “saturation.”

I have talked severally on different platforms about the flaws of the “Infinite Growth Theory.” We cannot continue to grow in a world with finite resources and, to some extent, finite consuming populations.

The present technology market has peaked: it has a saturation point and needs to let the gas out of the balloon. One of the ways employed by organizations is layoffs. When you layoff, you close some businesses not making the intended profit and grow income by savings while on a plateau. Layoffs are one of the simplest but very effective stratagems for improving profits as savings or self-preservation.

Big tech companies need to look for other growth areas or opportunities. I want to advise on investing in regenerative technologies to ensure a better circular economy. Nutrition and conservation are crucial actors that allow humanity to exist. The need for safer and better energy sources cannot be overemphasized. Wall Street may not like “these,” nonetheless, they bring in profits, maybe not at the level of “idealized tokens” that have no intrinsic value. These do, and they do in a manner that everyone can win.