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I get what you're saying, but I wanted to point out that lower profits can be better for society if due to competition. Every dollar a company earns in profit i
by lovich 8y ago
I get what you're saying, but I wanted to point out that lower profits can be better for society if due to competition. Every dollar a company earns in profit is a little more of efficiency that could be eked out of the business
- TeMPOraL 8y agoI think we need to be cautious here, though. A perfect market would bring perfect efficiency, but perfect efficiency is a disaster for humans who depend on the market to live. Happiness and quality of life today happen in places where market is not efficient yet.
- acomar 8y agoTo live in a world where markets can be perfectly efficient and everyone happy because we stop staking the lives of people to their worth as determined by the market.