4 ms·
I don't understand why you think profit is a bad thing. Ignoring broken markets like in the case of monopolies (and my company is a small one--definitely not a
by hellcow 5y ago
I don't understand why you think profit is a bad thing.
Ignoring broken markets like in the case of monopolies (and my company is a small one--definitely not a monopoly!), profit means you're creating value. People are willing to pay you more money than something costs to produce. That's a good thing for everyone involved. It creates jobs, customers are happy, and investors make money.
"Profit" isn't just a bunch of extra cash that gets buried in the ground. It goes back to shareholders (again, ignoring outliers like Apple which horde cash...) and gets reinvested in other profitable enterprises creating even more value.