Nanaki_TV t1_jegoin1 wrote
Reply to comment by HarbingerDe in I have a potentially controversial statement: we already have an idea of what a misaligned ASI would look like. We’re living in it. by throwaway12131214121
What is it with communist and their use of the word “literally” FFS you all sound like broken records.
Profit is an indicator to whether real savings are employed in the best possible way, as far as promoting people’s life and wellbeing is concerned.
Profit or loss can be ascertained only in a market economy where prices of goods and various factors of production can be established. Needless to say that the existence of money is the key in establishing the prices of goods and factors of production. The rate of exchanges of various goods and factors are expressed in terms of money i.e. the amount of money per unit of a good or a unit of a factor of production.
Profit emerges once an entrepreneur discovers that the prices of certain factors are undervalued relative to the potential value of the products that these factors, once employed, could produce.
By recognizing the discrepancy and acting upon it, an entrepreneur removes the discrepancy, i.e., eliminates the potential for further profit.
HarbingerDe t1_jegqsuz wrote
"UwU, I don't use the word "literally". I'm so smart UwU."
I'll say it again. Profit literally comes at somebody else's expense. There are ways to generate surplus value without necessarily taking from somewhere else, automation is a decent example of this. But for the most part, it's a zero-sum game.
Everything that followed was more or less a load of flowery irrelevant bullshit. Profit it's simply the difference between what it costs to produce a good or service and the amount of revenue you can generate selling it.
There are many ways to go about generating profit, but cutting expenses is the primary move for short-term profit-obsessed private corporations. Where do companies often first look to cut expenses? Wages.
Nanaki_TV t1_jegsqu7 wrote
Flowery bullshit isn’t an argument. This sub has become a joke.
HarbingerDe t1_jegw0j2 wrote
That was very clearly not the only substance to my response. But I'd get more out of talking to a brick wall at this point. Waste of time. Peace.
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