this post was submitted on 25 Dec 2023
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The dream (lemmy.world)
submitted 8 months ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[–] intensely_human@lemm.ee 1 points 8 months ago

I see this complaint everywhere. People mentioning business setting prices to maximize profits, like it’s a bad thing.

In a market with competition, that maximum profit point is also the point of maximum value to the consumer. Because business is a negotiation, not a dictatorial relationship.

I don’t understand why people don’t understand this.