Thursday, October 06, 2011

QUOTE OF THE DAY, by Kevin Williamson (in a Steve Jobs tribute, but it doesn't matter; the sentence is atemporal):
Profits are not deductions from the sum of the public good, but the real measure of the social value a firm creates. Those who talk about the horror of putting profits over people make no sense at all. The phrase is without intellectual content. Perhaps you do not think that Apple, or Goldman Sachs, or a professional sports enterprise, or an internet pornographer actually creates much social value; but markets are very democratic — everybody gets to decide for himself what he values.