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The issue is not to deprive corporations of profit. Profit is good. The issue is how they behave with the profit once they get it. They lock it up in the hands
by devoply 9y ago
The issue is not to deprive corporations of profit. Profit is good. The issue is how they behave with the profit once they get it. They lock it up in the hands of the very few rather than distributing it far and wide so good stuff can get done all over the world. The concentration of capital or the good is the problem. The more it is concentrated, the more good that gets done is on the terms of the corporations rather than a scrappy hacker or an individualist or anyone else. That shuts down freedom to do, which is bad. That limits choice and freedom, to live how you want because you are providing a good. Rather than live on the terms dictated by those who hoard the capital. Which happens all over the world the way the current system is architected.
- sdenton4 9y agoWho is profit good for?
- devoply 9y agoFor everyone. Who is profit not good for? Someone has chosen to pay the company for the good, that's their decision to do so. The company has provided the good. The consumer is better off because of it. And he or she has paid for the good. So yeah it's good for everyone.
- fao_ 9y ago> Who is profit not good for? The wage slaves.
- juliangoldsmith 9y agoWhy?
- cookiecaper 9y agoProfit is good for wage slaves. People may not agree that the wage slaves get their due share of that profit, but without profit, the wage slaves would be in a sorry state indeed. Their employer needs to be prosperous so they can be comfortable accommodating the employee's needs.