4 ms·

Needs aren't as profitable.

• inetknght 9y ago
  "If I had asked people what they wanted, they would have said faster horses."; whether Henry Ford truly said that or not is immaterial as the quote itself is the point I was trying to make. And your comment really rather touches on it. Peoples' needs aren't as profitable -- not until what they need also becomes what they want.
  • 52-6F-62 9y ago
    I've never heard that quote used in that context before. That's interesting. I've always ascribed it to something closer to Kuhn's paradigm shifts.
• interstitial 9y ago
  Needs + Rent-seeking + monopoly = risk-free profits
• ameister14 9y ago
  Tell that to an oil or pharmaceutical company.