The original definition of Adam Smith capitalism isn't what we have now. The original definition was that the baker selfishly wanted to bake the best bread so he could sell the most bread. The butcher selfishly wants to make the best meat so he can sell the most meat. 🧵 #rant - ThreadSky

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reburve.bsky.social • 116 days ago

The original definition of Adam Smith capitalism isn't what we have now. The original definition was that the baker selfishly wanted to bake the best bread so he could sell the most bread. The butcher selfishly wants to make the best meat so he can sell the most meat. 🧵 #rant

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reburve.bsky.social•116 days ago

The farmer selfishly
wants to make the best butter so he can sell the most butter. What ends up happening is that we, the customer, get the best sandwich. In the 1970s an economist named Milton Friedman wrote an op-ed stating that the new responsibility of business is to maximize profit within the🧵

reburve.bsky.social•116 days ago

bounds of the rules. Notice - NOT ETHICS. Rules. Companies that take advantage of the consumer look back and say, "We broke no laws! Nothing we did was illegal!" Ethical be damned. The hateful thing I feel is that I see it happening. I work for a conglomerate of small businesses that are struggling🧵

reburve.bsky.social•116 days ago

right now, at large part due to the ethics of the owner saying "Well I won't just rip them off, we need to be better or find a better way!" which isn't the way of capitalism now.

I'm gonna move my focus here and GamerProfiles from now on. Obviously you're welcome on the Discord as well. 🧵

reburve.bsky.social•116 days ago

Its not black vs white, rural vs urban, you vs me. Its up vs down, and it always has been. You're my friend, my compatriot, my fellow human, and you're worth more than what they say you are.

#rant

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