What Is Profit?-Mises Institute (Video)

Notice this is not “crony capitalism” or “political capitalism” where the state (federal government) bails out failing companies or subsidizes companies, which are not satisfying consumers desires and wants. These are entrepreneural companies that either satisfy consumers and make profits or fails to satisfy consumers and go bankrupt or relize losses. JRD

“It is common to hear profit attacked as exploitation and greed. How many supervillains have appeared in TV shows, books, or movies with the diabolical plot of putting “profits over people”? In reality, profit is a powerful mechanism for human cooperation, and serves to make sure that the earth’s resources are maximized to serve the best interests of humanity. Why?…”

4 minutes, 16 seconds: