December 06, 2007

Umair brilliant today :


The original purpose of the corporation - and of business - was to make everyone involved in trade better off.

Stop and think about that for a second - everyone.

Somewhere along the way, in the annals of corporate history - we lost that purpose.

And the firm became what the commenter's describing: a value-shifting machine, not a value-creating machine.

So: the fact that people can even think that such a design makes economic sense - businesses exist solely to maximize profits, at the expense of consumers - speaks volumes about what's really wrong with th larger economy today.

1 comment:

John Powers said...

Yes, I was so discouraged about Business Week's cover story "Can Greed Save Africa" but kept messing up my words as to why. Umair really is brilliant. Also in the comments got introduced to Adam Arvidsson, what he has to say seems pretty cool too.