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You frustration is from your false assumption. Businesses are there to make their owners as much money as possible. This frequently does not involve efficiency
by njharman 14y ago
You frustration is from your false assumption. Businesses are there to make their owners as much money as possible. This frequently does not involve efficiency.
- jjjeffrey 14y agoTaking a look at things from society's perspective, society decided that individuals should privately own for-profit businesses because, for a large subset of society's needs, that is the most efficient way to produce these needs. In that sense, capitalism as it exists is meant to serve society. It merely works out that the incentive to maximize profit in this system _approximately_ aligns with society's interest in acquiring goods at minimum cost---that is, if certain conditions, such as adequate competition, are met. Of course this isn't the only reasonable perspective, but it certainly isn't false.
- ollysb 14y agoYeah, poor choice of words on my part, I should have said: Businesses _survive_ because they're the most efficient way to solve the needs of a group of people.