December 06, 2007

Umair brilliant today :

The original purpose of the corporation - and of business - was to make everyone involved in trade better off.

Stop and think about that for a second - everyone.

Somewhere along the way, in the annals of corporate history - we lost that purpose.

And the firm became what the commenter's describing: a value-shifting machine, not a value-creating machine.

So: the fact that people can even think that such a design makes economic sense - businesses exist solely to maximize profits, at the expense of consumers - speaks volumes about what's really wrong with th larger economy today.

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