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There are a few assumptions in blog post but one in particular that I really do not like. And that is that 'making money' automatically equates to improvement o
by coenhyde 15y ago
There are a few assumptions in blog post but one in particular that I really do not like. And that is that 'making money' automatically equates to improvement of society.
For most businesses this is the case. If you manufacture something or provide a service then you are adding to the overall wealth of the nation. Making a lot of money from something that does not provide a valuable service to society actually detracts from the wealth of the nation because you are extracting resources (people, natural resources, time, etc) that could be assigned to more productive uses.
Remember is money is not wealth.
- lootabooga 15y ago"For most businesses this is the case. If you manufacture something or provide a service then you are adding to the overall wealth of the nation. " Actually not always. As companies get big enough they could care less about patriotism, they send jobs away, the pay politicians to have special treatment, they take advantage of huge tax cutbacks, etc...