Phil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business'
Phil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business'
Spencer said publicly traded companies have to show constant growth or else nobody will give them money.
![Phil Spencer blames capitalism for games industry woes: 'I don't get [the] luxury of not having to run a profitable growing business'](https://lemmy.ml/pictrs/image/ad52be4c-4529-48df-ae10-9135c073f0f7.jpeg?format=webp&thumbnail=256)
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Oh yeah I’m sure the lack of a profit motive would just make games amazing 🙄
Profit isn't the issue, it's having to continually show outsized profit growth rates to keep shareholders happy that's the problem. Look at private companies like Valve for comparison.
Exactly
Great art was never created for its own sake /s.
And people never spend money on things based on how good they are /s
Things are often better when the people making them give a shit.
Do you exclusively play sports game [current year]?
Nope. Thank god there’s a free market and therefore I have options.