The deal of capitalism: companies spend their own capital in a competition to make a profit.

· Bits and Bobs 9/7/26
  • The deal of capitalism: companies spend their own capital in a competition to make a profit.
    • The emergent value of that fight is spun off as surplus for everyone else to benefit from.
    • The fight is what creates the surplus.
    • Companies would rather not fight if they don't have to.
    • It's the ecosystem of emergent competitors that forces a company to fight.
    • When there aren't effective competitors, the fight doesn't happen.