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We forgot why companies - or for that matter the entire economy - exist, not to make profits and enrich the shareholders but to provide people with goods and se
by danbruc 3y ago
We forgot why companies - or for that matter the entire economy - exist, not to make profits and enrich the shareholders but to provide people with goods and services they need and want in an efficient way. Profits are not the goal, they are just like markets, prices, competition and many other things implementation details that are used to control the economy, the allocation and distribution of resources. The question is of course whether there is a different implementation that is better than current system. And on the other hand the people must also care about the consequences of their consumption, the best economy will ruin the planet if people demand stupid things from it.