this post was submitted on 05 Jul 2023
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late stage capitalism doesn't rule (lemmy.blahaj.zone)
submitted 1 year ago by musclexaddy@lemmy.blahaj.zone to c/196@lemmy.blahaj.zone
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[โ€“] Cornelius_Wangenheim@lemmy.world 20 points 1 year ago (1 children)

Making a better product is the least efficient way to make a profit in capitalism. You'd make far more by forming a cartel and price fixing, partnering with a capital management fund to undercut the market until you drive your competition out of business and become a monopoly or simply selling a shit product for a premium and using the extra revenue to suppress bad reviews and fabricate good social media buzz.