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> The things that are "best" for society also tend to make the most money. People pay for things because they want them, because it makes their lives better Th
by Jare 13y ago
> The things that are "best" for society also tend to make the most money. People pay for things because they want them, because it makes their lives better
The things that make the most money are the things most desired by the people with the most money to spend. That group of people can only be equated with "Society" if that group of people does in fact form the majority of the society. That's why a large middle class is so important, and why growing differences in income are so threatening.
- jmadsen 13y agoThe things that make the most money are the things that money has built the best marketing for. People pay for things they want out of the choices they are aware of. "Analysts" - politicians, Joe College, HN posters - tend to use an overly simplified economic model, based primarily on the "Turn Lemons into Lemonade" 3rd-grade economics primer they read as a child.
- Jare 13y agoCertainly - and that's not even entering the argument that what people desire and what is good for them (us) are not the same thing; especially in the long term (which imho is the only sane way to consider whether something is good or bad for society).