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Saturday, September 8, 2012

Corporate Profits

Good?  Bad? Evil?

This video http://finance.townhall.com/columnists/peterschiff/2012/09/08/dems_in_charlotte_favor_ban_on_corporate_profit is a little tongue in cheek, it is certainly not a scientific survey, and it has almost certainly been selectively edited, but condemnation of corporate profits is something I seem to be hearing more often.

My background puts corporate profit not in the good category but in the essential category.  How do other readers of Yellowarmadillos feel?

1 comment:

  1. That was painful to watch.

    I don't believe that corporate profits are bad, nor should they be capped by law. The more fundamental question might be; is our current economic system, as it exists today, designed to maximize investment in productive endeavors (through rewarding investment with adequate return on that investment, aka profit) while at the same time providing a mechanism by which there is still enough money left in the system to support a thriving and goods and services consuming middle class and to provide a safety net for those who cannot, for whatever reason, provide adequately for themselves?

    I don't claim to know a definitive answer to that question. I know that much greater minds than mine grapple with it. But some evidence (shrinking middle class, rapid growth of the wealthy's percentage of ownership of the country's wealth over the past 30 years) seems to question that it is.