Do Capitalists Produce Nothing? - D.W. MacKenzie - Mises Daily

Do Capitalists Produce Nothing? - D.W. MacKenzie - Mises Daily: "Investors do not produce any actual physical product; they make the planning of production more rational. The efforts of 'workers who produce real goods' are wasted if production plans are defective. Matthews does not see how successful capitalists can shift production toward goods that consumers want most urgently. Profits derive from the sale of goods that garner the highest revenues from consumers over costs. Few people can predict market trends. Investors can earn or lose billions because their decisions determine whether the work of millions of ordinary people is productive or a waste of time"