Nah, due to Negative Externalities and things like Tragedy Of The Commons it’s quite common for companies to be making massive profits whilst destroying the very environment they need to thrive.
I mean, look at Polution, look at Global Warming, look at Overfishing, look at the 2008 Crash - without an external entity (i.e. the State) to force them to change their ways or rescue them, most economic entities in the pursuit of profitability will act in ways that systemically will eventually destroy the very things they need to be profitable.
Stuff like Negative Externalities is pretty basic Economics.
That naive idea of your of how economics works probably came from stuff you heard from politicians, not from reading books…
While without a profit motive of any kind they won’t exist.
I really don’t get how those things you mentioned existing negate what I said. These are orthogonal. Well, except for that weird logic that it’s about choosing between two teams, but nobody can be that stupid, right?
Nah, due to Negative Externalities and things like Tragedy Of The Commons it’s quite common for companies to be making massive profits whilst destroying the very environment they need to thrive.
I mean, look at Polution, look at Global Warming, look at Overfishing, look at the 2008 Crash - without an external entity (i.e. the State) to force them to change their ways or rescue them, most economic entities in the pursuit of profitability will act in ways that systemically will eventually destroy the very things they need to be profitable.
Stuff like Negative Externalities is pretty basic Economics.
That naive idea of your of how economics works probably came from stuff you heard from politicians, not from reading books…
While without a profit motive of any kind they won’t exist.
I really don’t get how those things you mentioned existing negate what I said. These are orthogonal. Well, except for that weird logic that it’s about choosing between two teams, but nobody can be that stupid, right?