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I've always thought the idea of "giving more value than you take" is an ideal worth shooting for.
by cubano 11y ago
I've always thought the idea of "giving more value than you take" is an ideal worth shooting for.
- revorad 11y agoThat's the definition of business.
- cubano 11y agoI would have to disagree with that as a blanket statement. Plenty of "successful" businesses use other means besides added value to extract rents from customers. Robert Reich has recently written very eloquently and convincingly about how multi-national corps are using all sorts non-value producing economics to increase bottom lines at our expenses. For example, Americans pay more for pharmaceuticals than do the citizens of any other developed nation. That’s partly because it’s perfectly legal in the U.S. (but not in most other nations) for the makers of branded drugs to pay the makers of generic drugs to delay introducing cheaper unbranded equivalents, after patents on the brands have expired. This costs you and me an estimated $3.5 billion a year – a hidden upward redistribution of our incomes to Pfizer, Merck, and other big proprietary drug companies, their executives, and major shareholders.[1] [1] http://robertreich.org/post/132363519655 http://robertreich.org/post/132363519655
- gozo 11y agoYou'd be surprised how many people are looking for a shortcut where they can exploit value built by others.
- kamaal 11y ago"Giving disproportionate value than you take" is disruption. The light bulb, steam engine, radio communication, internet kind of value.