Figures. 🙄

  • Mangosniper@feddit.de
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    1 year ago

    Uh… from an economic point you just can’t split the additional cost in half if it costs 4 dollar more. If something costs 20 dollars to make and they sell it for 25 to price in the other costs and a slight profit margin and then it costs 30 to make when doing it sustainable they can’t sell it for 20 + (10 / 2) +5 = 30. They would make a minus then. They could sell it for 35, with gaining the same profit as before.

    This is all under the assumption that the original price was a fair price.

    • KoboldCoterie@pawb.social
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      1 year ago

      They don’t need to make the same profit as before. They could make $2 less profit, and charge $2 more. Frankly I don’t care, and neither should anyone else who isn’t a shareholder, if their profit margin is reduced slightly.

      If doing that makes them unprofitable, they probably shouldn’t exist, because their business isn’t viable when done sustainably, and they’re relying on being allowed to fuck up the planet to maintain themselves.

      • Onihikage@beehaw.org
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        1 year ago

        Profit is fine, it allows a good idea or business model to start small and grow organically to fit the need that it fulfills. The trouble begins with accumulation of capital, which is of course a core tenet of Capitalism. Beyond enough that you can reasonably expect to be fed and sheltered for the rest of your natural life, any further accumulation is antithetical to a good society. We can have currency, competitive markets, and free exchange of wealth for goods and services (for some industries, not all), but a line must be drawn at how much wealth any one person can be allowed to control.

        • queermunist she/her@lemmy.ml
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          1 year ago

          Profit is theft and good ideas can exist without the profit motive.

          Though no argument that the accumulation of wealth shouldn’t exist either.