Profiting From Market Failure: How Today’s Capitalists Bring Bad Things to Life
AlterNet — The long-running General Electric slogan sums up what capitalist cheerleaders love to say about markets: “We bring good things to life.”
But is it really true? In reality, some capitalists have figured out how to profit by actually bringing bad things to life.
Today, market forces organize, select and direct the production of goods and services in ways that would amaze and startle our ancestors. Consider the automobile: designed, engineered, provisioned, manufactured, marketed, sold and serviced by webs of hundreds of different organizations across the planet. Amazing. And a tribute to what’s possible through market successes.
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