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.
Condemning the Profit Motive
| Source: | Econlib |
| Published: | Apr 15, 2023 |
| Author: | Richard Fulmer |
| Post Date: | 2023-04-15 01:22:00 by Charles_Byrd |
| Views: | 229 |