Re:Actors union will join writers on strike, shutting down H...
by whiterace1488 on Saturday July 15, 2023 @08:51AM
(#36736183)
>Time was, most businesses had a basic philosophy of "we are here to Make Product/Provide Service, and when we do it well, we Make Profit".
What? When was that?
You do realise that if your business does not make any profit then it's shrinking and would go bankrupt — regardless of how well you "make product/service"
>Is that actually a quote from Milton?
It's from Milton Friedman.
>Ultimately, the reason businesses are created—are allowed to be created—is to benefit society.
No, the reason the reason businesses (legal or illegal) are created is to make money for their owner(s). The "benefits to society" is just a means to an end, and is not necessary to establish a business. For example, drug cartels do not decide to sell illegal drugs because of any "benefit to society", they do it to make money. If there's no money to be made in selling eg cocaine then no one would sell it.
On the other hand you can make something people want but not make any profit eg a lot of VC funded companies, Uber, etc. People want cheaper and more convenient rides which Uber provides but Uber doesn't make a profit because they're not cost optimised.
>Oh, but you're just another Nazi account, aren't you?
What? Where did that come from????
A Nigerian Nazi? Wow, who would have thunk it!
What? When was that? You do realise that if your business does not make any profit then it's shrinking and would go bankrupt — regardless of how well you "make product/service"
>Is that actually a quote from Milton?
It's from Milton Friedman.
>Ultimately, the reason businesses are created—are allowed to be created—is to benefit society.
No, the reason the reason businesses (legal or illegal) are created is to make money for their owner(s). The "benefits to society" is just a means to an end, and is not necessary to establish a business. For example, drug cartels do not decide to sell illegal drugs because of any "benefit to society", they do it to make money. If there's no money to be made in selling eg cocaine then no one would sell it.
On the other hand you can make something people want but not make any profit eg a lot of VC funded companies, Uber, etc. People want cheaper and more convenient rides which Uber provides but Uber doesn't make a profit because they're not cost optimised.
>Oh, but you're just another Nazi account, aren't you?
What? Where did that come from???? A Nigerian Nazi? Wow, who would have thunk it!