Quote:
Originally Posted by libertarian0507
And what exactly is the point of business if not profits ? loss? More profit for companies usually means that those companies expand, hire more employees, wages may increase, there is most likely shareholders who make a profit also.....where is the bad in this? I can never understand why some people have it in their heads that economic prosperity is a bad thing.
|
I didn't say or even implied economic prosperity is a bad thing. I am saying in a capitalism society people are raised to put profits above all else, sometimes even think that's the
only thing that matters.
Yes, more profits mean more employees and higher wages, but also how do you make more profits out of hiring more people? You outsource. Factories are built overseas and foreign workers are hired. U.S. economy is focused on selling services and instead of manufacturing goods for export.