this post was submitted on 09 Sep 2023
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(pst profit shouldn't exist)
Profit is fine, it allows a good idea or business model to start small and grow organically to fit the need that it fulfills. The trouble begins with accumulation of capital, which is of course a core tenet of Capitalism. Beyond enough that you can reasonably expect to be fed and sheltered for the rest of your natural life, any further accumulation is antithetical to a good society. We can have currency, competitive markets, and free exchange of wealth for goods and services (for some industries, not all), but a line must be drawn at how much wealth any one person can be allowed to control.
Profit is theft and good ideas can exist without the profit motive.
Though no argument that the accumulation of wealth shouldn't exist either.
A salary is profit. Are saying we should do away with money?
No, profit is the money left after expenses.