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| Sep 24, 2009 1:10 am |
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re: re: re: re: re: re: Reforming the banking system? |
Thomas Holford
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James Booth sayeth:
"As it stands now, corporations which must, by law, deliver a profit to shareholders, often do so at the expense of the "rest of us" and we simply cannot afford such a scenario long term if we are to survive as a species."
I am failing to grasp your point.
What is the problem with making a profit?
How is it at the expense of the "rest of us"?
"Profit" is just an accounting concept that says value created is greater than resources consumed, a good idea for any society that wants to prosper.
And the notion that corporations are profiting at the expense of the rest of us implies that the situation is a "zero sum game". Only true all encompassing entities like totalitarian governments can impose "zero sum games".
If you are worrying about large impersonal entities doing self serving things "at the expense of the rest of us", worry about big government before worrying about corporations.
T. HolfordPrivate Reply to Thomas Holford (new win) |
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