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if your only measure of success is monetary profit, then sure. i think that shouldn't be the only metric, and in fact, the focus on that so completely is a big
by rsanek 2y ago
if your only measure of success is monetary profit, then sure. i think that shouldn't be the only metric, and in fact, the focus on that so completely is a big part of the problem with what people term "late-stage capitalism"
- Retric 2y agoStart a social club/co-op/non-profit/religion or whatever and the metrics are different. However, when you’re asking for investments your goal better be profit or you’ve just committed fraud.
- scrumper 2y agoI'd say the opposite actually, that the idea that an established company can lose money and still be considered a success is absolutely a hallmark of late-stage capitalism - and not a very healthy one either. (I know Boom isn't gigantic, and of course it's losing money at this stage which is right and proper. However losing money in aviation is extremely easy and so I think we call it a successful business when it's profitable. Today, it's proven itself a successful prototype engineering endeavor.)