Another man Quote by Andrew Joseph Galambos
“In capitalism, profit does not come out of another man's hardship; it comes out of new production of new wealth that's never existed before.”
About This Quote
Source Book: The Decline and Fall of the American Empire by Andrew J. Galambos, 1995
Profit arises from creating novel value, not exploiting others' suffering.
In simple terms: Wealth comes from innovation, not hardship.
Key Takeaway
Focus on creating new value.
Themes
economics
ethics
innovation
Mood
thoughtful
analytical
Type
philosophical
economic
When to use this quote
- entrepreneurship
- product development
- policy making
- social entrepreneurship
Key Concepts
capitalism
value creation
wealth generation
Questions to Reflect On
- How can we ensure new wealth benefits all?
- What barriers exist to innovative creation?
A Different Perspective
It may overlook systemic inequities that still affect outcomes.
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