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> I hope it is less expensive. So do the shareholders. Less cost == more profit.
by rad_gruchalski 3y ago
> I hope it is less expensive.
So do the shareholders. Less cost == more profit.
- madeofpalk 3y agoYou say this as if it's a bad thing? I don't see the need to be pesemistic about this.
- alt227 3y agoThe issue is in a capitalist society that saving of cost is not going towards a more efficient production method, or even being passed on to the consumer, its going in the pockets of the board and shareholders. Effectively this news story can be reduced to 'Plastic lid swapped for new plastic lid which makes company more money.' Its not cynical, its the truth.
- madeofpalk 3y ago'The public' does accrue benefits from a cheaper and less environmentally toxic production method though.
- slothtrop 3y agoWealth creation isn't zero sum. If it was we'd still be quibbling over sticks in caves. In a competitive environment, innovations can and does lead to lower-cost products for consumers, especially from new entrants in the market.
- rad_gruchalski 3y agoNo, I state the fact.