You’re not wrong, but my point is that we’re dealing with laws of math here. You can’t just go “Just accept less profit” when the majority don’t make enough profit to survive. That money has to come from somewhere.
My mom ran a couple restaurants at different times in her life. She’s a high school drop-out who has never had a great job so it isn’t like she’s some high class capitalist. Both restaurants failed within a year or two, and she came out each time quite a bit worse than she went in. The company in charge of the building locked the doors and kept all her stuff in lieu of rent. It’s pretty brutal. She lost all the money she put into it well beyond any money she might have made on the business itself, and she went into debt each time as a result of the failing business as well.
Yeah, but then it shouldn’t really exist as a business in the first place according to the rules of capitalism, should it?
You’re not wrong, but my point is that we’re dealing with laws of math here. You can’t just go “Just accept less profit” when the majority don’t make enough profit to survive. That money has to come from somewhere.
My mom ran a couple restaurants at different times in her life. She’s a high school drop-out who has never had a great job so it isn’t like she’s some high class capitalist. Both restaurants failed within a year or two, and she came out each time quite a bit worse than she went in. The company in charge of the building locked the doors and kept all her stuff in lieu of rent. It’s pretty brutal. She lost all the money she put into it well beyond any money she might have made on the business itself, and she went into debt each time as a result of the failing business as well.