Is profit a bad thing?

Is it bad for a person or corporation to profit?

 Filed under: Economics, Labor & Money, Profit

11 Comments

dckeys: No, profit is not bad.
Sun, 06/16/2013 - 23:40

No, profit is not bad.

3rd eye wide: Tough question.
Mon, 06/17/2013 - 09:34

Profit leads to more profit.

Whatever happened to"A pot of beans for some pelts...I need food so how about an equitable amount of clothing?" Why does 1 person have to get the better of the deal?

WildWill: yes
Mon, 06/17/2013 - 11:08

When your trying to make a profit you can't afford to be honest, and not cut corners.

VValetta: profit
Fri, 08/16/2013 - 14:17

profit is what keeps a business going, without it, in the long run, it fails.

here's the ugly side: businesses and corporations can be very mechanical - profit making machines whose only goal is make more profit, at the expense of laying off workers for "cheap" labor or plundering the earth for resources. there can also exist a mentality of "dog eat dog" competition with other businesses. we see this happening with some of the major corporations who continue to make poor decisions in name of profit (from which the top level CEOs benefit the most)

the good side: there's seems to be more of an awareness to these issues and there is a growing movement to make companies more "conscious" - both socially and environmentally. we see this happening with a lot of small businesses, who implement "green" standards and who don't have a desire to grow into giant corporations. i personally like the "co-op" model of everyone having a stake in the company. i hope to see this trend continue and blossom.

realeasygoing: What is good for me is good for you
Sun, 09/08/2013 - 17:42

No company, business or corporation can exist without profit. I am a firm believer that is good for a company is good for it's customers also. The two do not have to be mutually exclusive. The big question is how do we get companies to do the right thing? Be good service providers and good stewards of the earth. I think getting them to sign an agreement saying so would be a good way and cut out rules and regulations. If any one has some other ideas I would love to here them.

dckeys: Companies do the right thing
Wed, 09/11/2013 - 00:20

Companies do the right thing by people supporting them with their dollars. If companies don't do the right thing people don't have to support them and they go out of business. Competition in a free market allows the most honest and efficient companies to rise to the top.

realeasygoing: Google, Microsoft and Facebook
Wed, 09/11/2013 - 05:33

I would love to say that is true. Look at Google, Microsoft and Google they turn are data over to the NSA(unethical) and I still use them. As they may be competitors for them they are the ones that do what they do best.

Quinton: If it wasn't for government
Wed, 09/11/2013 - 12:05

If it wasn't for government would entities like the NSA or the CIA exist? The NSA is funded through taxpayer money by force and is not a profitable business by itself. Businesses like the NSA can only exist through taxpayer funded governments. If we didn't have government, like in a free society, Google wouldn't have anyone they would be forced to turn data over to.

gwho: money is merely a representation of the tangible
Sun, 11/17/2013 - 07:35

no. profit represents increase. we simply use a monetary system to track, represent, and trade. it's a medium of exchange. media of exchange represent the real.

if profits are bad, then that means productivity is bad.
If profits are bad, then getting more output for less input is bad.
if profits are bad, using a spade, rather than your hands are bad.
If profits are bad, then automatic sales transactions are bad.
If profits are bad, then freeing up the resource with the greatest opportunity cost, the human mind, is bad.
If profits are bad, then we'd all be tied up doing menial tasks just to barely survive, and spend all our time just surviving.

gwho: ^ terrible grammar. wrote it
Sun, 11/17/2013 - 07:36

^ terrible grammar. wrote it on the fly with passion.

Quinton: Profit is a good thing.
Sun, 09/18/2016 - 16:31

Profit is a good thing.

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