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A comment on How Indian lawyers, scientists gave Sci-Hub its first legal defense team. Parent comment
What value? Units sold/quantity of product? If so, should businesses operate at breakeven in the long run?
This is an interesting take, it is optimal for everyone, not just the producers. I agree that this would be the ideal scenario for society.
The problem is - how to arrive at it?
Profit sends a message that offering X instead of Y is more profitable - and therefore, better use of one's time.
How would you reduce/remove profit without destroying incentives to innovate or even pivot to new industries?
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What value? Units sold/quantity of product? If so, should businesses operate at breakeven in the long run?
This is an interesting take, it is optimal for everyone, not just the producers. I agree that this would be the ideal scenario for society.
The problem is - how to arrive at it?
Profit sends a message that offering X instead of Y is more profitable - and therefore, better use of one's time.
How would you reduce/remove profit without destroying incentives to innovate or even pivot to new industries?