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Do you mean to say "for a short-term, monetary profit"? Because there are other types of profit, more subjective ones, like feeling good, emotional well-being,
by Radim 9y ago
Do you mean to say "for a short-term, monetary profit"?
Because there are other types of profit, more subjective ones, like feeling good, emotional well-being, long-term sustainability etc, which are more elusive by definition but nevertheless super important.
Because if you're really talking about a lack "profit" in the very general (aka inviting a straight loss), then the question simply becomes: Who will pay for this loss, and why?
- aalleavitch 9y agoI think you answered this question yourself: some forms of value are subjective. Some vitally important benefits to the people around you don't show up on a balance sheet. People will gladly pay to be a patron of the arts, or just to make someone they like happy, and it doesn't have to involve a quantifiable return on investment.
- Radim 9y agoI get your point, you're using the word "profit" in its narrowest accounting sense.