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Maximizing profit is not the ultimate goal of capitalism. Maximizing executive compensation is the observable ultimate goal of capitalism. As an example, when H
by User23 8y ago
Maximizing profit is not the ultimate goal of capitalism. Maximizing executive compensation is the observable ultimate goal of capitalism. As an example, when Hostess declared bankruptcy they got permission from the court to loot the pension fund to pay 7 figure executive bonuses and shareholders also got dunked on.