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>We don't have product making companies anymore, The problem with this sentiment is it's always presented as some new found discovery, and not as an inherent o
by nemothekid 5y ago
>We don't have product making companies anymore,
The problem with this sentiment is it's always presented as some new found discovery, and not as an inherent outcome of a capitalist economy. It was in 1973, 48 years ago now, that Ford did the infamous calculation on not to recall the Ford Pinto because the cost of recall was less than their calculated law suit risk - a move that would have killed their customers; and then further still Milton Friedman defended this decision.
We haven't had "product making companies" as the norm for at least 50 years now. What era are you talking about?
- tauwauwau 5y agoI was talking about the current era. But you're right, it has been like that for a long time, modern technology just has made it more efficient. My comment was hyperbolic, it should have been more moderate.