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The more desperate the need the higher the potential to turn a profit, so in a fashion, pursuing the maximum profit is fulfilling the needs of the market. Givi
by etherael 14y ago
The more desperate the need the higher the potential to turn a profit, so in a fashion, pursuing the maximum profit is fulfilling the needs of the market.
Giving people what they want.
Sure, there are sometimes negative externalities, giving people what they want isn't always what they need. At least sometimes, people want stupid things. But enormous world changing products and services which are profitable in line with the extent that they change the world for the better are certainly not necessarily a net negative for humanity, in fact I'd say it's closer to the reverse..
- capisce 14y agoThe most desperate needs are hunger and thirst, necessary to survive. Doesn't sound like an area were a lot profit can be made though. I'd say the highest potential to turn a profit is from those with the most money to spend frivolously.
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- etherael 14y agoPossibly, but the market amongst people with a lot of money to spend on frivolities is quite saturated, and by nature any entry you make into that market is easily ignored by your target audience. Contrast it with say an aeroponic backpack which would harvest moisture from the air and cultivate a personal crop of an edible tuber root for aforementioned meeting thirst and hunger needs. Totally speculative of course, but anything of that magnitude which could be pulled off would be an absolutely wild profit maker and would not be prone to being ignored by the just plain old hungry and thirsty target market.
- ef4 14y ago> The most desperate needs are hunger and thirst, necessary to survive. Doesn't sound like an area were a lot profit can be made though. That's just silly. How do you think Monsanto or McDonalds makes their billions? And where are companies like those investing the most heavily and seeing the biggest growth in profits? Not here in the rich west.
- coldtea 14y ago>The more desperate the need the higher the potential to turn a profit, so in a fashion, pursuing the maximum profit is fulfilling the needs of the market.Giving people what they want. That's the "invisible hand", "selfishness turns out to good" political economy motto. Which is unscientific BS. If a company can lie, cheat, steal or sell people things that are bad for them, including making them want stuff they did not care about through misleading ads and manipulation marketing, they will do it.
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- etherael 14y agoPotentially, but if you're dismissing free markets on account of manipulative, deceitful or otherwise fraudulent behaviour, you ought to at least hope that fraudulent behaviour never occurs or occurs less frequently in the centrally planned economy alternative. There seems to be a surfeit of evidence contrary to this statement throughout the world at the moment, so you'll excuse me if I take that idea with several solar masses of sodium chloride. I still maintain the only alternative to giving people what they want is forcing them to follow your plan. Historically people who take this path frequently turned out to be wrong, and all the people who they dragged kicking and screaming with them down the path end up bearing the brunt of the negative externalities for their poor decisions. At least if you give people the absolute freedom to make their own choices when or if they end making bad ones they have only themselves to hold responsible. This is what annoys me most about this whole central economic planning groupthink people are prone to indulging in. The constant pretense that it's some well known scientific fact that only ignorant hicks aren't aware of on a level similar to evolution vs creationism with their ensuing, tired middle-brow dismissals.
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