Wednesday, November 10, 2010

Win-Win situations?

Okay so I'll admit: I've always thought that success in business meant that someone else somewhere, was losing something. This is one of those few times where I don't chide myself for believing a lie: that's the only model of business I've ever seen at play; one party gets richer to the detriment of the other. Economics rests on the the assumption that the fittest survive. There are no win-win situations. At least that's what I thought.

However a class discussion changed my view on that and I've since begun to realize that there are ways to run a business and make profit without running other people down or exploiting them in some way. I was also shocked to learn that doing business that benefits others before oneself is actually the most profitable way to carry out business. Kinda counter-intuitive huh?

So it's refreshing to see that capitalism, with all its troubles, isn't inherently bad and can be put to noble uses to produce noble results. Who would have thunk it?

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