[Jeff Higgins]

Originally Posted by cockerpunk

this.

venture capital destroyed quality in america.

the purpose of a business shouldn't be profitability, it should be sustained value creation. the focus on profitability means you just gut everything, make a bunch of money, and destroy what someone else took a lifetime to build. you destroy it in 5-10 years, profit handsomely, and then move on to the next company that someone took a lifetime to build. and they built that business over a lifetime with sustained value creation.

labor builds, capital destroys.

Originally Posted by cockerpunk

right?

its because within the economy we value capital above human beings. the economy should work for people, not capital.

Spot on.