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I don't think "exploitation" is the right word to use for every business transaction. When there's choice/competition and transparency/information (i.e. not so
by lxgr 2y ago
I don't think "exploitation" is the right word to use for every business transaction.
When there's choice/competition and transparency/information (i.e. not some form of advanced psychological manipulation going on that can be impossible to economically avoid for many), who's being exploited?
- hnbad 2y ago"Profit" means you're overpaying (i.e. the amount of money you exchange for goods or services exceeds the cost of providing them). Failure to operate at a profit (even if it may be indirect in cases like VC-funded disruptors undercutting established competitors for early growth) means the business will fail. Business transactions are exploitative. That's the entire point of them. Otherwise it'd just be tit-for-tat or a gift economy. You don't want to recover your investment, you want to grow your investment. And beating inflation is the baseline.
- d1sxeyes 2y ago'exploit' comes from Latin via French, where the meaning of 'to attain profit through abuse' is further down on the list of meanings (https://www.larousse.fr/dictionnaires/francais/exploitation/32280 https://www.larousse.fr/dictionnaires/francais/exploitation/...) compared to English where it's the primary or secondary meaning (https://www.merriam-webster.com/dictionary/exploit https://www.merriam-webster.com/dictionary/exploit). I'd probably agree that it makes sense to try to find a synonym where possible, but I wouldn't say it's necessary in cases where it would not be succinct or clear otherwise.
- CydeWeys 2y agoWe're speaking English in this conversation, not Latin or French. The word "exploit" clearly has a significantly negative connotation that is not appropriate in this context.