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by josephg
1242 days ago
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Business is about trade. Trade has an amazing property where when we trade, we can create value out of nothing. Excess apples aren’t worth much to an apple farmer. If an apple farmer gives some apples to a plumber in exchange for fixing the pipes in her bathroom, both people are better off. Value for both parties has been created out of nowhere. It’s magic. And to this day, I can pay a plumber to fix my leaky tap and we both walk away from the trade feeling like we got a good deal. Businesses are organisations designed to systematically “exploit” trade to generate profit - which ends up in the hands of their customers (my tap got fixed), and the employees and owners in the form of money. Healthy businesses have created all the wealth that exists. Let that sink in! Trade (usually through businesses) is the mechanism that has given us the bounty of modern life. I also agree that capitalism is a demon we have summoned from beyond the veil that doesn’t truly care about us. Unbridled capitalism will overfish, send children into cobalt mines, and encourage bankers to commit fraud. As the economist says, we need healthy regulation to curb capitalism’s excesses. But classifying it as entirely evil, or entirely exploitative is too much. If you really feel that way, try living without trading if you like. Sounds like a sure fire way to end up homeless. I wouldn’t last a day. |
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Business is about exploiting someone somewhere for your benefit, no exceptions.
Trade is about exploiting someone somewhere for your benefit, no exceptions.
Put another way, business is about obtaining someone else's time so you don't have to use yours.
You should stop applying pre(mis)conceptions and look at what business is objectively.