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Friday, May 30, 2014

Profiteering is based on cheating

Business profit is based on cheating.

By cheating I mean exploiting an advantage that allows one party to take advantage of another.

It could be getting something for nothing.

It could be not paying the whole true cost of the thing in question.

It could be using information that others do not possess.

It could be opportunistically using the current situation against a protagonist. Think China/Russian natural gas contract while Putin fiddles with Ukraine and the West.  Now, now after many years, a deal is made in the midst of a crisis.

It could be exploiting resources that others do not have and need desperately.

It could be nepotism, bribery, extortion...

It could be imperialism, or diplomacy at the end of a gun.

It could be a monopoly, duopoly, or exclusive rights.

Competition is expected to be fair. Fair is the least realistic aspect of life. 

Someone that gets ahead pushes everyone else backwards in that competitive arena.

Going into business, this must be understood.

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