Sunday, March 17, 2013

Is "Capitalism" Getting Bastardized?


Pure capitalism is WIN-WIN: you have a good or service to sell that I want, I exchange my capital for it and we both walk away satisfied.



Predatory capitalism is WIN-LOSE: you have a good or service that I want, (but has a hidden problem or fee that is not disclosed), I exchange my capital for it, but when I find out what I bought is not what I thought, you have my money (and a convenient reason not to refund my money), and I'm not satisfied.



My lawyer told me once, there are two types of people in this world:
1. Those who have a great product and make honest money
2. Those who have a bullshit product and have to advertise (more than the rest), fight in court (to outspend those who know the truth about the product) and flat out lie to the public to keep making money off a bullshit product

(*NOTE: think of who advertises the most, and you will know who).