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this post was submitted on 19 Aug 2025
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A thing that I like to point out to people is that profit is quite literally inefficiency. You are paying someone more than the carrying costs to produce something for you. In this way, capitalist economies reward companies that promote process inefficiencies. Now, in a normal business setting, you can only get away with this for as long as your product is of a higher quality than your competitions, where paying your inefficient price is normally worth the cost.
However, if you have what is essentially monopoly capture of an industry, then there is no competition and you can literally dictate the inefficiencies. The incentives become even worse in a publicly traded space where your shareholders have legally mandated you to pursue those inefficiencies. And it becomes worse still when you have the 'eternal money' spigot on full blast.
The libs normalize this "infinite money glitch" by calling it "economies of scale" lol...