Related:
cost,
price,
usury
Profit =
Price -
Cost
Profit means "to
progress" in Latin, but that would require it be treated as an in
vestment from the
user that
pays it.
Profit is "
price above
cost". It is the
pressure that causes
consumers to
pay more for berries than it
cost the
owners to
produce them.
Profit requires
real or
artificial
rivalry.
Profit is the
portion of
Price,
Rent,
Tax or
Interest that goes beyond
real costs. That
profit becomes
usury unless it is treated as an in
vestment from the
consumer who paid it.
Profit is an inverse measure of
competition and a direct measure of mono
poly.
Profit should be
interpreted as a plea for
development because it measures
consumer
dependence.
Usury gained against
consumers disrespects their
natural desire to
grow, so hampers true
progress.
Worker
wages are a valid
cost of
production, but
workers are
consumers too, and ta
king advantage of
consumer
vulnerability steps on the un
developed.
Capitalist
owners
compete against other
owners to keep
consumer
price above
production
costs, but non-
owning
workers c
annot
compete directly because they do not have
access to the
sources of
production.
While
workers might "
unite" as
Marx suggested to
buy some
sources
(say a plant), they would also soon be
usurists if they did not treat
profit as
consumer in
vestment.
Object
consumers who
own the
sources of those
objects may hire
workers, but
profit is undefined since
source
owners also
own the
objects of
production even before they are
created.
Why do we
pay Exxon so much
Profit? Why don't we, the
Consumers,
just OWN the
oil rigs ourselves and
pay the
Workers the same as they
currently receive? It would save
us *so much*
money.
Physical
sources such as
land,
plants,
tools,
buildings, etc. are held
artificially
scarce by
(often ignorant, so somewhat blameless) profiteers.
If the
qualified
workers could
access these
sources "at
cost", we could
build any car we
(the consumers) could dream up. If
consumers
owned the
physical
sources, they would be in
control, and could finally truely
demand the most advanced of de
signs for
game consoles,
media players,
video cards,
clothing,
food, etc. even when those
solutions "ruin the
market" for
usurists. Without the usual
artificial
scarcity and
externalization required to hold
usury in
place, the
consuming
owners would allow every
artisan to
compete directly against every other
artisan to quickly
outperform the dinosaurs of
proprietary
Capitalism - where only
owners
compete with other
owners while
consumers and
workers have
little say.
An unfortunate understanding by a prominent
economist:
"'
When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise system", I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends; that business has a "social conscience" and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are --- or would be if they or anyone else took them seriously -preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.'" -- Milton Friedman in "
Corporate Ethics and
Corporate
Governance" Chapter en
titled "The
Social Responsibility of
Business Is to Increase Its
Profits"
SpringerLink.com/content/m2141pp14981487h