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Who are "you" in this case? If "you" are the employees "you" might naturally have an entirely different view of what to optimize for than if "you" are the share
by johanvts 9y ago
Who are "you" in this case? If "you" are the employees "you" might naturally have an entirely different view of what to optimize for than if "you" are the shareholder. The promise of capitalism is that if we all optimize for our own benefit, the invisible hand will make everyone better off.
- pc86 9y agoFirst of all, capitalism does not "promise" anything. Secondly, it says that in aggregate, society will be better off in everyone focuses more or less on their individual interests. It does not suggest that everyone in that society will be better off. In some hypothetical world, if you raise the median income 50% and increase the quality of life for 95% of the population, while causing the other 5% to end up in crippling poverty for the rest of their life, you've made that society better in aggregate but certainly not for that 5%.
- mattmanser 9y agoThe you is society in theory, a government in reality.