Peter Joseph: Economic Sense
on Monday, November 14, 2022Meaning of Peter Joseph Money Quote: saying finance is skewed toward lack and need so shortage leads to higher sales costs. Peter Joseph said:
“Our entire system, in an economic sense, is based on restriction. Scarcity and inefficiency are the movers of money; the more there is of any resource the less you can charge for it. The more problems there are, the more opportunities there are to make money” — Peter Joseph
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Peter Joseph appears to be criticizing certain aspects of our current economic system. He argues that businesses and markets often rely on creating artificial scarcity and inefficiency in order to make higher profits. When resources are more abundant and accessible, their prices tend to go down.
Similarly, when problems persist in society, some see opportunities to develop and sell solutions to those problems. While businesses need to make money, Joseph suggests this approach may sometimes prioritize profits over maximizing access to resources or solving social issues.
Overall, his quote encourages thinking critically about how the incentives of our economic system could be better aligned with principles of sustainability, equity and the public good.