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Old 02-22-2009, 06:57 PM   #18
Web Rider
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Originally Posted by mur'phon View Post
It's how almost every private company works, why isn't it destroying them? If the goal of a company is not to make money, how will they compete with eachother?
It is. Like the stock market, most private companies that live only to make money will do so, they will build, and rise, and grow and make profits, and then crash hard and fast. It may take 20 years, but making absurd profits at the expense of labor and quality will always do this. Labor eventually gets sick of it, and consumers switch in a heartbeat when something better comes along.

I'm not saying companies shouldn't make money, they should. I'm just saying that they shouldn't be sacrificing labor and quality to do so.

And how do you intend to achieve that?
Ideally, by having the people who run companies pay their employees enough to afford the products they're producing. It's a mindset change and that's the hardest of them al.

True, but the stockmarket is wonderfull for providing the capitall needed to put innovation to use.
The stock market inflates the value of certain goods through making them appear profitable to people who are uninvested in the system. It provides ONLY financial capital, nothing more.

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