Someone who profits from economic waste is an economic waste profiteer. Now there are good and bad waste profiteering and plenty of gray area in between. so let’s parse it. First off profit is an incentive and in this case it is an incentive to keep or increase economic waste. If I run a blog that aims to cut economic waste in society and I profit from that blog where would I be if all that waste was to be cut? Clearly I would have to blog about something else. If a major cancer research facility found an easy cure for cancer, how many people would be out of a job? Would they hide it? If government simplified the legal system, would we really need so many lawyers? For a blogger the profit is very little and the transition to something else is easy. So the incentive to keep economic inefficiencies is very low. Suppose that the cure for cancer was simply the elimination of sugar and acid forming foods while drinking tumble weed root tea and eating high sulfur foods like broccoli sprouts. A major cancer research facility would have a very high incentive to not solve the problem but to only provide small incremental improvements because their jobs depend on it. They would appeal to people who want a magic pill instead of lifestyle improvements and continue chugging along. For the economy it would be best if they just cured it in a way that promotes the healthiest possible lifestyle and moved on to the next problem. But this is hard to do because so much is invested in Cancer. It is a popular disease. The good an bad in all this is dependent upon people ability to make sacrifices for the greater good. The blogger would be making a small sacrifice and the Cancer research president would be making a large sacrifice for the greater good at the expense of his employees. The harder something is to do the less likely it is to happen. I hope this statement is taken as a challenge.
Economic Waste Profiteers
Leave a reply