--- title: "Meaning & Key Takeaway of: For society, the Internet is wonderful…" description: "\"For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase effici..." image: "https://sms4smile.com/quotes/i/424/charlie-munger-458_american-business_for-society-the-internet-is-wonderful-bu_500534.jpg" --- # For society, the Internet is wonderful, but for… ![“For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious…” quote by Charlie Munger](https://sms4smile.com/quotes/i/424/charlie-munger-458_american-business_for-society-the-internet-is-wonderful-bu_500534.jpg) [Download](https://sms4smile.com/quotes/i/424/charlie-munger-458_american-business_for-society-the-internet-is-wonderful-bu_500534.jpg) [Open image](https://sms4smile.com/quotes/i/424/charlie-munger-458_american-business_for-society-the-internet-is-wonderful-bu_500534.jpg) > “For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable. This is perfectly obvious, but very little understood.” [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The quote argues that while the Internet boosts efficiency, it often reduces profits for capitalists, making it a net negative for businesses. **In simple terms:** Internet improves efficiency but may hurt profits. Key Takeaway Assess efficiency gains versus profit impact. Themes economics technology capitalism efficiency Mood analytical critical Type economic business When to use this quote - business planning - investment decisions - policy analysis Key Concepts profitability digital disruption business strategy Questions to Reflect On - How can firms adapt to efficiency gains without profit loss? - What models turn efficiency into profit? A Different Perspective Efficiency does not always translate to higher earnings. ★ ★ ★ ★ ★ No ratings yet [American business](https://sms4smile.com/quotes/about/american-business/) [Capitalists](https://sms4smile.com/quotes/about/capitalists/) [Economics](https://sms4smile.com/quotes/about/economics/) [Efficiency](https://sms4smile.com/quotes/about/efficiency/) [Internet](https://sms4smile.com/quotes/about/internet/) [Productivity](https://sms4smile.com/quotes/about/productivity/) [Profit](https://sms4smile.com/quotes/about/profit/) [Profits](https://sms4smile.com/quotes/about/profits/) [Wonderful](https://sms4smile.com/quotes/about/wonderful/) ## Related quotes > [The penetration of society by the Internet and the penetration of the Internet by society is the best thing that has ever happened to…](https://sms4smile.com/quotes/julian-assange/the-penetration-of-society-by-the-internet-and-the-penetration-of-the/) [Julian Assange](https://sms4smile.com/quotes/author/julian-assange/) > [The guiding principle is not to manufacture the goods everyone needs, rather to earn profits for a few capitalists.](https://sms4smile.com/quotes/walter-ulbricht/the-guiding-principle-is-not-to-manufacture-the-goods-everyone-needs/) [Walter Ulbricht](https://sms4smile.com/quotes/author/walter-ulbricht/) > [“A system is corrupt when it is strictly profit-driven, not driven to serve the best interests of its people.”](https://sms4smile.com/quotes/suzy-kassem/a-system-is-corrupt-when-it-is-strictly-profit-driven-not-driven-to/) [Suzy Kassem](https://sms4smile.com/quotes/author/suzy-kassem/) > [Every time you have a new tax, or every time you have to pay really an inordinate amount for a regulation, it's really stifling…](https://sms4smile.com/quotes/john-raese/every-time-you-have-a-new-tax-or-every-time-you-have-to-pay-really-an/) [John Raese](https://sms4smile.com/quotes/author/john-raese/) > [We are seeing some challenges and some changes in American business, American enterprise, but the Malcolm Baldrige National Quality Award is a reminder of…](https://sms4smile.com/quotes/george-w-bush/we-are-seeing-some-challenges-and-some-changes-in-american-business/) [George W. 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I know a lot of American businesses and farmers want to as well.](https://sms4smile.com/quotes/doug-mcmillon/we-want-to-be-able-to-do-business-in-china-i-know-a-lot-of-american/) [Doug McMillon](https://sms4smile.com/quotes/author/doug-mcmillon/) > [My overall goal is to level the playing field for American businesses.](https://sms4smile.com/quotes/hillary-clinton/my-overall-goal-is-to-level-the-playing-field-for-american-businesses/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [By all indications, American business leaders are more adept at creating business strategies than they are skilled at human capital management. American entrepreneurs are…](https://sms4smile.com/quotes/james-o-toole/by-all-indications-american-business-leaders-are-more-adept-at/) [James O'Toole](https://sms4smile.com/quotes/author/james-o-toole/) > [I insist on a lot of time being spent, almost every day, to just sit and think. 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