Business people talk about value capture.
- Business people talk about value capture.
- There's production of value, and the capture of it.
- The capture and the creation are separable.
- People focus too much on the capture, which is zero sum and greedy, not the value creation.
- Finance focuses on the capture.
- In the limit this leads to over-extraction and killing the source of the value.
- Prosocial things focus on the creation.
- But if there's no extraction, the organization might die and not be able to help nourish the resource.
- It's possible to have both, in balance.