Profit – what’s left over after all the expenses are paid, that’s all it is. But it has achieved cult status in the last few decades – since gambling on the share market became a favourite sport for those with a few dollars to spare.
Profit, or potential to make a profit, determines the size of the dividend shareholders get each year. CEOs’ reputations, and salaries, are based on their ability to keep growing the profits of the organization they spearhead.
But profit means only one thing, exploitation. Workers are paid too little. Consumers are charged too much. Natural resources are acquired too cheaply and/or shortcuts are taken around health and safety and environmental protection. And it means not sharing ideas and information that could improve the lives of people everywhere. Ever-increasing profit usually means exploitation in all of these areas. Continue reading