"Capitalism created the possibility of the win-win-win. It used to be a zero sum game where somebody won, somebody else lost.
"It was never a zero-sum game in my mind. You’re always trading with your customers and your employees and your suppliers for mutual benefit, mutual gain. That’s the miracle of capitalism. That’s why humanity has been lifted out of the dirt in the last 250 years. The Industrial Revolution led humanity out of this trap that we were in, which really was a zero-sum game. ...
"The biggest mistake people make, intellectuals in particular, they still think we're in a zero sum world. They're obsessed with some billionaires because Bernie Sanders thinks that Jeff Bezos and Elon Musk somehow stole the money from the people.
"They don't understand that it's this prosperity machine that's creating more, not just for those billionaires, but for everything that they're touching. They're creating value for their customers, they're creating value for their employees. Their suppliers are flourishing, their investors are seeing their capital go up. It can be reinvested and compound.
"All philanthropy ultimately comes from business. That's where the profits are. Where do all the taxes come from? It ultimately comes from business as well.
"This is the engine that's lifting humanity out. The entrepreneurs are the drivers of that engine. Somebody like Elon Musk, he gets a very, very, very tiny sliver of the value that he creates for the whole world."
~ Whole Foods founder John Mackey on the Win-Win Mentality That Lifted Humanity Out of the Dirt [hat tip David Senra]
1 comment:
A well written article reminding us yet again that most human progress has been enabled by a handful of people who changed the world we live in by producing goods under the principles of capitalism and free market exchange that changed the standard of living for all of us
Thankyou to all entrepreneurs and investors without you we would still live in the dark ages
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