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But it's not true. The nature of profit is that you make more than you spend. But that does not mean you take more than you give - value is also created in the
by feral 10y ago
But it's not true.
The nature of profit is that you make more than you spend.
But that does not mean you take more than you give - value is also created in the exchange (or at least it should be).
(Maybe that is what you're pointing out, reductio ad absurdum? I'm not sure.)
- thaumasiotes 10y agoYes, that was my point. The nature of profit does mean that you receive more from your customer than you give back to them. Gains from trade mean that your customer also receives more from you than they give to you. I was going to provide that as further text to my original comment, but thought it would be more effective to let the quote speak for itself. Guess not. :/