Process
Status Items Highlights Done See section below Claims None Questions None Output None
Highlights
id906415332
Abundance places its faith in the idea that private capital, finally freed from onerous regulation, will spring into action and undertake the massive investments required for broad prosperity. However, capitalists don’t want to make stuff; they want to make profits. Production itself, from the perspective of capitalist firms, is merely a by-product of profit-making. And the investors in capitalist firms (think of Boeing) often prefer fast cash in the form of stock buybacks or acquisitions to undertaking productive investments.
✏️ In a nutshell really. Profit is king, not production. But they want us to think it’s about production. 🔗 View Highlight