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Originally posted by Jean Paul Zodeaux
Originally posted by DJM8507
Capitalism innovates to maximize the efficiency of profit.
There are no other considerations.
...capitalism also innovates to maximize purchasing the best possible product at the best possible price.
Originally posted by Matt93
. However, when the flight attendants at Air Canada (private company) were threatening to strike, the federal governments jumped right in and blocked any strike action. How can the federal government pick and choose their battles?
To maximize profit is to stifle competition and extend product life cycles to ensure an efficient return. The most innovative product is not always the most profitable.