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What's So Bad About Profit?

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Daily Dose of Reason - Ethics
  
Monday, 28 July 2008 15:02

If profit is so bad, then doesn't this mean that the service or product being provided--for a profit--is bad?

And if all these products and services are so bad--then why are they voluntarily paid for? Joe sells something to Tom that Tom wants. Joe makes a profit. But Tom profits as well, because he would rather have the product or service than the money he gave up. If Joe's profit is bad and immoral--isn't Tom's, as well?

I understand that fraud is bad. If Joe claims to sell Tom a working television and it turns out the television doesn't work--and Joe even knows it--then of course Joe is being bad.

But most transactions are not fraudulent. Only a minority are. And the evil, in those cases, is fraud--not profit. In fact, the evil in that case would be that Joe made a profit and Tom did not. When profit is mutual, it's good. The more profit, the better.

It seems to me that mutual profit is a GOOD thing. Will somebody please explain to me why profit, capitalism and business are so bad?

 

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