4 ms·
Yes. Very much so. Profit, while useful in the market, has an upper limit before it can be considered a lack of efficiency, IMO. In some sense, it is the str
by moosey 8y ago
Yes. Very much so.
Profit, while useful in the market, has an upper limit before it can be considered a lack of efficiency, IMO. In some sense, it is the stripping of productive economic value, which is then given to shareholders. It is basically a tax that produces wealth rather than wellbeing.
When shareholders have this money, do they use it wisely in the economy? I don't think that this is an absolute truth. Can the government do better? Yes, if we abandon the conceptual thought that government is always the problem, or by default inefficient, when in fact it can be demonstrated that governments around the world, and here, do many things very well.