Re:Patrick Stewart taught us what good men do with power
by xg15 on Sunday November 01, 2026 @04:44PM
(#50330212)
Yeah, I feel this often confuses what "efficiency" means from the company's perspective vs wider society's perspective.
A company that streamlines its operations and archives a huge profit margin is clearly efficient from the PoV of its own management and shareholders. However from the PoV of its customers, it's maximally inefficient, because it tries to extract the highest price for the least amount of work done that people are still willing to pay.
A company that streamlines its operations and archives a huge profit margin is clearly efficient from the PoV of its own management and shareholders. However from the PoV of its customers, it's maximally inefficient, because it tries to extract the highest price for the least amount of work done that people are still willing to pay.