4 ms·
One of the problems with capitalism is that it's a race to the bottom. If your competitor is doing something shady they're going to make more money. If it doe
by burtonator 8y ago
One of the problems with capitalism is that it's a race to the bottom.
If your competitor is doing something shady they're going to make more money.
If it doesn't become an externality to them then it's profitable and more profits means that they can re-invest those to grow their business -faster than you can grow yours.
So now you're torn... should you do this highly unethical thing or go out of business?
Taxes are a good example. Say your Google and don't want to do the double-Irish jig to avoid paying US taxes.
You want to pay your fair share. However Apple is now making BANK and they can use that money (at least in the future) for R&D and shipping new products.
You're going to be more and more and more tempted to do these things because they're never any pushback.
As an entrepreneur I WANT quality government regulation and oversight.
I don't want to have to do this type of shady crap just because the market forces me to...
- deleted 8y ago[deleted]