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by hkt 971 days ago
Worsening of economy by what measure? The argument is circular if you're saying "less profit is made in economic setups which encourage not-for-profit activity". It hardly seems like a reasonable criticism.

More interesting is what people would achieve if their time wasn't dedicated to profit seeking. The measure of success then may be the subjective usefulness of someone's contributions. It is a big subject but waving it away as you have isn't a satisfactory answer at all

1 comments

You don't understand. You can't just e.g. sleep late, fish a little, play with your children, take siesta with your spouse, and spend evenings playing guitar and sipping wine with your friends; you have to spend more time fishing and with the proceeds, buy a bigger boat, then with the proceeds from the bigger boat buy several boats, eventually you would have a fleet of fishing boats, then you open your own cannery, controlling the product, processing and distribution. You would expand, branch out, acquire and merge, do an IPO and then, in twenty or so years if everything goes well, you could retire with millions in your bank account and then, I don't know, move to live somewhere on a nice coast, where you would sleep late, fish a little, play with your children, take siesta with your spouse, and spend evenings playing guitar and sipping wine with your friends.