Ethics and the Profit System: Global Change of Values Necessary

Share the joy
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Ethics and the Profit System: Global Change of Values Necessary
by Conrad Schuhler, Sept 25, 2016

http://portland.indymedia.org/en/2016/10/433433.shtml

Profit-making is not profit-maximizing. From the magic word profit-mongering is derived the absurd unequal distribution of wealth, the cheating of consumers, the exploitation of workers, and ultimately the abolition of democracy that has to be a market-conforming democracy.

An invisible hand ensures that the personal success of the businessman becomes the best for everyone, the common good, as Adam Smith formulated.

This entry was posted in Neoliberalism, Political Theory, trickle-down economics. Bookmark the permalink.

Leave a Reply