6 ms·
> "value creation for one's customers" - that is a "not even wrong" level of misunderstanding of the system dynamics of capitalism. The primary driver is genera
by philipallstar 7d ago
> "value creation for one's customers" - that is a "not even wrong" level of misunderstanding of the system dynamics of capitalism. The primary driver is generation of _profit_ for owners of the means of production. Many things fall out of that - the tendency to monopolise, for example.
I don't see why you're talking like this. It's "not even wrong" in the sense that it's entirely correct. Monarchy and socialism grab money through taxes, and if you think monopolies are bad, wait til you're forced to use the state service that has no motivation to do well because there's no competition. It's not only a monopoly, it's a monopoly that takes your money by force.
Capitalism requires investment and risk and competition to drive value up for customers who can choose. So you need to produce value for your customers to survive, and produce a profit after costs and taxes.