For profit operations produce most good things in this world.
Their incentives are usually to produce as good a product for their customers as possible, since that generates the most profit.
For profit operations produce most good things in this world.
Their incentives are usually to produce as good a product for their customers as possible, since that generates the most profit.
I would also posit that in spite of the fact that, while perhaps "For profit operations produce most good things in this world" (for some very specific definition of "good"), news media is in fact a niche where not-for-profit organizations do have a history of being superior to for-profit counterparts (e.g. BBC, NPR, AP, etc)
What's "good" is determined by customers. Of course, for news that is often that which confirms our beliefs.
I was mostly annoyed with the "for profit ventures are inherently bad" message. I think it's a profound and fundamental misunderstanding of the world.
Just focusing on quality pure would result in a comically overluxury white elephant of a product as optimizing it would result in more and more cost and overwroughtness.
Mothers produce most good things in this world.
> Their incentives are usually to produce as good a product for their customers as possible, since that generates the most profit.
Their incentive is to produce as cheap a product for their customers as profitable.
Some businesses compete on quality, but it's not universal.