“Profits earned honestly in the market are moral. They arise from morality and they reinforce morality.”
Providing goods or services that other people value and are willing to pay for is moral. Check out this video for a deeper explanation.
The Morality of Profit:
[youtube=http://www.youtube.com/watch?v=SnHQammdwGQ&feature=player_embedded]
Here is the essence of capitalism:
If a customer chooses to buy something, it’s because the product is worth more to the customer than what he or she is giving up to get it. That is the customer is profiting as well.
The video deals with the immorality of pollution, government created monopolies and government subsidies to favored businesses.
Check this out:
There’s a crucial difference between profits gained by violating the property rights of others through theft, pollution, or special subsidies on one hand, and profits that are earned voluntarily through exchange on the other.
link: http://www.youtube.com/watch?v=SnHQammdwGQ&feature=player_embedded.
0 Comments