Is the Shared Value Principle (SVP) New?

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Is the Shared Value Principle (SVP) New?
Bill Young, Consultant, Switzerland

SVP is identical to enlightened self-interest, as derived directly from Adam Smith's description of the benefits shared between the producer (Adam Smith's butcher, baker, etc) with the consumer.
And is the 'major economic crisis', not really a self-correction: desperately required after asset value inflation caused by artificially low interest rates? When the invisible hand is held back, it has a tendency to respond with a hard smack
So, no: there is no need for new theories of capitalism. Like most natural laws, it works quite well on its own - even if we do not like the consequences.



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