alt Hacker Newssome people look at business as making money for the sake of making money. However other people look at making money as a means to better society. This goes back over a century to the Quaker run businesses, like Lloyds, Rowntree, Cadburys, etc.
You can imagine if your ultimate aim was to improve society, then acquiring a firm but having to sack a bunch of employees as somewhat of a failure.
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Invictus0 • yesterday at 10:43 PM
Option A: the business goes bankrupt, investors lose money, customers lose the product, all employees get fired.
Option B: the business stays afloat, investors make money, customers keep the product, some employees get fired with a severance.
You think option A is superior?
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>some people look at business as making money for the sake of making money. However other people look at making money as a means to better society.
if the two sides you describe agree on those definitions as mutually exclusive but in union describing the universal set of people, then they are both wrong.
as long as people engaged in a market make their own choices, then money is a direct measure of happiness on the margin. you give somebody your money in exchange for something you want and would rather have: this creates happiness out of thin air.
if you think a better society is a happier society, then going into business to make money is the same as going into business to make society better.