The problem is that there are good profits and bad profits. "Good profits" create consumer surplus. "Bad profits" are rents. I don't know if you've looked late

The problem is that there are good profits and bad profits. "Good profits" create consumer surplus. "Bad profits" are rents. I don't know if you've looked lately, but corporations do a lot of things differently than simply maximizing short terms profits now. Besides, that's mostly an artifact of mutual fund style public stock financing. In addition to going private, there is emphasis on dividends, stock buybacks, that sort of thing. At its simplest, a thing is profitable if it can be done efficiently and people want it. That's not a bad thing.