Comment by jorvi
6 hours ago
But value is meaningless. The ultimate purpose for a producer in a market is to provide infinite value for no cost.
Of course that is a pipe dream, so it should provide the highest value for the lowest cost.
For those who want to argue it should be a balance: consider the opposite position. A producer should provide no value at infinite cost. In this case, everything withers. If party A and party B need each other's products to survive, they can do that when the value is infinite and the cost is zero, but not when the value is zero and the cost is infinite.
The last few decades have shown that giving the finger to the customer and going all in on shareholdermaxxing has nothing but terrible effects and is like sticking a spanner into the wheel of capitalism.
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