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> The good parts of this is that it has a purpose (which is NOT profits) I don't see how the purpose is not profit. Profit is simply a unit of measure, one tha
by randomdata 3y ago
> The good parts of this is that it has a purpose (which is NOT profits)
I don't see how the purpose is not profit. Profit is simply a unit of measure, one that measures the progress in delivering useful value to society. Which is exactly what the statement purports is the function of said formulation. Profit would merely measure the successfulness of a pursuit.
- tictorium 3y agoGoodhart's law: “When a measure becomes a target, it ceases to be a good measure.”
- randomdata 3y agoHence why most keep their financial affairs private. It cannot become a target if the actors contributing to profitability are not privy to the information.
- soperj 3y ago> one that measures the progress in delivering useful value to society Being a slumlord seems to be a profitable enterprise that provides nothing useful to society, instead it just leaches off of people who are actually doing useful things for society.
- randomdata 3y agoThat's why it is useful to have a tool of measure rather than relying on arbitrary human opinion. It may not seem like there is value, but the measured actions say otherwise.