Profit Bludging and the Long Chain Economy

To attack economic inequality at its source we really need to take on what I like to call ‘profit bludging’.

There are some businesses out there that have a great idea, and find a way to turn cheap resources into a product people really value. These are the wealth creators in our society. They make a healthy profit, and so they should. They have made a contribution to our collective well-being.

But then there is our anti-hero. The profit bludgers. ¬†These are the businesses that boost their profits in ways that don’t add to our wealth at all. They are not making the pie bigger, they are just taking a larger share¬†of the pie. Continue reading “Profit Bludging and the Long Chain Economy”