We hear about income inequality but we don’t hear about production inequality or value inequality.
As with people, your bigger competitor has more income than your company because they are providing better value and/or producing more for others.
How can you (will you) do that?
Good morning Larry!
Today I am grateful for Larry Janesky!
Good Morning Larry!
Larry
I do like your comments and thoughts – there is wisdom and value in them! I do have however some comments about income equality: basically you’re saying that production or value have the same relevance in the big picture but nobody focuses on these notions.
I could say that generating value or a good level of production, one needs access to resources (natural, financial, educational) which access is not equal to everyone. I do agree that complete equality is nonsense (somebody has to explain to me some day what equality means) but I think that Fair access to resources is widely unavailable. Chance to achieve is a lot of work, dedication, ambition, capacity of learning a.s.o. but there is a percentage of chance (some call it luck but not me) which chance I think is made largely of the societal fairness against individuals, the capacity to protect a legitimate interest against corruption and unfair rules, access to resources (mainly educational but not limited to) and a fair business environment.
Which one of the chance ingredients are currently in excess?
Have a wonderful day!
Spot on! Can’t say any other way more politically correct. Very true and very fair! Thanks for your insights. Very valuable for my business and help me literally “think daily”. Have a blessed day!