Comment by xinuc
1 day ago
> cruelty isn’t inherently profitable
agreed. But it takes tremendous amounts of stupidity to not be profitable while cruelly exploiting millions of people and their resources.
1 day ago
> cruelty isn’t inherently profitable
agreed. But it takes tremendous amounts of stupidity to not be profitable while cruelly exploiting millions of people and their resources.
Exploiting people and resources is a terrible way to be extremely profitable; it's very inefficient.
https://en.wikipedia.org/wiki/Resource_curse
This is why economics is called "the dismal science"; slaveowners got mad that economists told them having slaves was inefficient and decided the economists were bores.