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by FirmwareBurner
960 days ago
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>Not necessarily. They can be profitable without being greedy. Sure, but then they'll be overtaken by their competitors who will rake in more profits as they don't mind being greedy, and your shareholders won't appreciate that. Greed and capitalism are basically synonymous, as the end game of capitalism is to accumulate as much wealth and market cap as possible, at the expense of your competition, until you own the whole pie. Preaching to companies "just be OK with being a little poorer this time", while their competitors are using every dirty trick in the book to get ahead, will never work. If you want a level playing field for everyone to not be greedy, it must come from regulations that hold companies accountable, not expecting companies to voluntarily act in favor of their labor force out of the kindness of their hearts, as that will seldom happen. |
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Capitalism is not synonymous with greed. We just idolize greedy people. We call them things like "successful", "self-made", "inspiring", or "capitalist" to absolve them of their greed. In the Soviet Union, people would call greedy people "successful", "self-made", "inspiring", and "communist".
It's really just the greed.