| ▲ | KetoManx64 41 minutes ago | |
Thank you for that correction, I did oversimplify it. > Capitalism inverts this -- the goal is to maximize money. I start with money, I convert it to a commodity that I can sell for a greater value, to get larger money. Money -> commodity -> money. You see Amazon operate this way: "if we can put one dollar in and get $1.01 out, do it". Yes, that is correct and there is nothing wrong with this as long as there is no coercion happening (eg. Government involvement, lobbying and over regulation). Every person on earth should have the right to put in $1 into something and try to get $1.01 from it. You and I and every other individual get to then decide if we want to give that business owner that $1.01 or go to a competitor. In a truly free market, that business owner only earns that $1.01 profit by providing a good or service that voluntary customers value at more than the price they pay. The profit is the reward for creating value for others We currently live in a crony-capitalist world which has a lot of issues, but it's still much better than the 200m+ that have died under Marxism and Communism in the last 100 years. | ||