3 ms·
This is an important question. Vaguely, I think the answer is that companies should be able to earn profit proportional to the value they provide, and not for t
by fshbbdssbbgdd 5y ago
This is an important question. Vaguely, I think the answer is that companies should be able to earn profit proportional to the value they provide, and not for their market power. If companies are investing to improve their products and operational efficiency, it makes sense to for that to be rewarded by profits. If they’ve found some way to establish a moat and own the market so that new competitors can’t get rewarded for their own improvements, there’s a problem. Capitalism is the best system around to drive people to build and invent and we shouldn’t let it get twisted into stagnant feudalism.