• Mnemnosyne
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    1 year ago

    Profit is older than capitalism; capitalism is a particularly egregious form of it, but it is profit itself - intentional inefficiency in the conversion of resources to usable product, for the purpose of benefiting those creating the inefficiency that I refer to.

    In theory, something very close to capitalism could exist without profit - with everyone getting back only a fair and appropriate compensation for their part in the process. It’s the 'put in a little and get back infinite returns ’ part that makes capitalism specifically a problem.