Showbiz pioneer P.T. Barnum was famously known for using common sense in business to assure quality, cost and access.
He once stated, “True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.”
What he writes throughout his book — The Art of Money Getting — is that the business owner needs to suffer the lack of extravagance if they wish to attain it, because only then will they produce quality and thus, reap the benefits in the long run.
Where P.T. Barnum expended his money was in paying the best freaks and best performers. He took a small profit to assure a high quality product. Today’s employers tend to use loans and lack this once common understanding of rewarding quality employees.
In return, this brought him excessive wealth.
Most successful businessmen even today have understood this. It is actual minimum cost to value.
It’s called quality.
Recently, a friend shared this piece (of shit) by “Dr.” Benjamin Powell on water not being charged what it’s worth… how capitalistically progressive!
Powell expresses a growing trend in libertarian thought that if Lubbock, Texas residents were really charged what water was worth, they wouldn’t over use it or spend it in improper ways, unless they are willing to pay for it. How non-fascist and liberty minded.
He explains how it’s okay because with that kind of pressure people will easily go find, or start new competing sources, you know… cause of the excess money they’ll have.
From what I gather, it appears his excuse to accept such a fascist suggestion is in finding cheapest cost to maximum value. A diluted mind will always find a way to use cheap as a stand-in for cost-efficient production.
Never mind the quality. Glad he knows best!
How anyone buys this bullshit is unfathomable. Such a lack of comprehension in proper business sense is appalling. The violation in understanding not only business ethics, but the lack of personal common morality in inter-person assurance of liberty on the public scale is grotesque.
Just so you know, I don’t give damn for name recognition or credentials. I judge people on ideas.
Suggest to a capitalist or libertarian that schools should teach every person the basics of sustaining oneself by collecting one’s own water and growing one’s own food so you aren’t working for masters (statist or corporate capitalists) to supply meager wages for cheaply made, but valued necessities, and they may hear you talking communism, even though it’s clearly personal independence.
Yet all history proves when a person collects their own necessities they have what they need. When a group of people collect necessities they will over use and disregard, sometimes even abuse it into loss, when one man or group collects everyone’s necessities, he/they owns them.
Of course, I fall on the side that you can get necessities however you, and if you choose, your community agrees, but every individual should be taught and have free access to how to gather and collect their own water, and grow their own food. That means people who know the knowledge share it of their own freewill so others are not dependent on them. Those who learn in return should pay you for receiving something of value, but don’t have to (See Socrates).
This is always more efficient and cost effective for everybody, as most things you need to make your own food are already created on your property by you. No economy is necessary for them to exist and be used.
That’s the important thing to remember about economics, it’s all just a human design, its fiction, it’s not real.
In the city of Colorado Spring, our utilities company had a fire recently.
Officials are warning that we’ll be stuck on outside power for some time (though a boiler did just come back online), and because of their employee, WE, the public have to pay $5 more a month because they have to access outside power.
This isn’t just because it’s a community owned Power Company. Private companies do this kind of gouging every chance they get.
I find it interesting that we think there’s a magical ideology out there that will remove greed driven destruction. So we make up myths like competition, or fair wages, or positive law in areas where the right edge can corner an entire market easily.
Would you like to know the secret?
You seize a raw material, a currency, or a necessity… like water, or food. Pick the most valued item and horde it. That’s how you control it, profit matters not at all to the tyrant, even the ignorant one, at that point.
Now don’t read me wrong, I’m fine if you want to let someone other than yourself make determinations on the quality of the necessities you use, but the user and the supplier both are accepting interdependency and thus accepting threats stemming from the others misgivings.
My concern and what I preach to you is not to teach mass productions of any kind as primary applications to life, but hacks are temporary, so you understand you hold all of your power and authority at all times against all threats.