Comment by concinds
5 days ago
"Capturing the value you create" is a euphemistic way to describe pushing producer surplus towards 100% and consumer surplus to 0%, your ability to pull it off depends on your monopoly power, and it would be more honestly described as "value extraction" than as "capturing".
I think in this case semantics matter.
True about semantics. "Capturing", "Creating", and "Value" are all rather fuzzy.
But false about my meaning, which was precisely the opposite of "a euphemistic way to describe pushing producer surplus towards 100% and consumer surplus to 0%"
My original comment "They capture exactly the value they create" was my (failed) attempt to restate the basic premise of capitalism, that profits tend towards zero, using the words at play in this discussion.