| You mean like Amazon that doesn't make a profit, and passes on their vast, amazing operational efficiency basically for free? Or Walmart that makes very thin margins and uses their power to force profits out of the value chain (they sit down with suppliers and require them to reduce margin) and has a policy of keeping margins extremely low themselves, thereby creating massive surpluses and helping people with little financial means more than any other program? People focus so much in 'profit' when that's usually a narrow slice of what's going on. When people are paying you for stuff or services, most of what is happening is value creation of some kind. If people are not willing to pay you, it might be a sign that what you are doing is not useful to them. The amount of 'surplus' generated for the customer is usually not even measured, particularly for consumers (it's called 'consumer surplus' and it's their version of profit). If you are creating a ton of consumer surplus, then worrying about your narrow slice of profit doesn't make a whole lot of sense. If you're an NGO not creating a ton of consumer surplus then you are a value destroyer not a value creator and you're basically burning money, truly wasteful. (I'm not saying NGOs are that, but they can be). There's no such thing as 'Capitalism 2.0' - build a company, create surpluses, be a good actor, and take some margin as profit, or not, whatever you want, it's a side show. |