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Tag: economics

In defence of profit

I was recently at a lunch where the discussion turned to some subscription service that a few of the people had tried. They compared their favourable experiences and then one of them said the best thing about this service was that they didn’t make a profit – they just reinvest the money back into the business. Everyone around the table thought it was indeed the best part.

It upsets me that profit is such a dirty word in my circle of friends. I know it’s sort of hip now to profess to hate ‘greed’, but some people do it to an extent where it seems they think that any time somebody profits financially from something, it’s evil. But profit-making is actually one of the morally best things you can do, and more people should be trying to make a profit.

Business