Tim Swinford says:

Without a "profit-motive””there is NO reason to innovate, conserve or value scarce resources. That is why it is SO important. It's so much more than just a chunk of money added on as an afterthought for a company's' bottom line.(or pork barrel spending) A big reason why public services fail miserably and waste tax dollars is this, i.e. tax-payer-sponsored-systems which are just seen as services and not meant to make money, BUT that theory of knowledge is off…

Mr. Birdnow adds:

Nobody goes into business solely for altruism. Altruism works at a small level but even then only to a point. The Pilgrims were chock full of altruism and yet almost starved to death before instituting a capitalist system. Once they did that they did great because everyone had a reason to work hard. Prior to that it was always someone else's responsibility. Profit is hardly greed. It is a natural desire to benefit from your own labor. Greed is a desire for acquisition that often is at the expense of those who labor. World of difference, but the Left has mingled the two until most people think "capitalism" (a phrase form Karl Marx) is about "greed". It isn't. It's about serving your fellow man while serving yourself at the same time.

Posted by: Timothy Birdnow at 01:46 PM | Comments (2) | Add Comment
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