S7 E11: Better Capitalism?
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Profit Making, Not Maximizing
- Aim for companies to be profit-making, but not profit-maximizing.
- Profit is essential for survival, but maximizing it often leads to harmful practices.
- It is not necessary to extract the most possible at all times from a situation or a company, some might argue it's better to extract less.
- There have always been business people content with making enough profit, not the maximum possible.
- Large-scale change requires more than just encouraging ethical choices; systemic changes and new rules are needed to shift the existing system.
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