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Economy See other Economy Articles Title: Condemning the Profit Motive
Source:
Econlib
URL Source: https://www.econlib.org/condemning-the-profit-motive/
Published: Apr 15, 2023
Author: Richard Fulmer
Post Date: 2023-04-15 01:22:00 by Charles_Byrd
Keywords: None Views: 96
I recently encountered a laundry list of objections to the profit motive. The following is the list with redundancies removed, edits for clarity, and my comments. Many of the complaints are based in ignorance of how markets work, ignorance of the perverse incentives created by government regulation, failure to consider problems with available alternatives, refusal to consider the possibility of government failure, demands that companies solve complex social problems (some of which are created by government), and an insistence on perfection. Click for Full Text! Post Comment Private Reply Ignore Thread
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