The Current Problem of Profit Motive | The Problem of Socialism | The Problem of Capitalism | The Good Life or, The Chief End of Man | Business as a Tool | Virtue Capitalism or, An Economy of the Kingdom
As American corporations continue to get bigger and bigger and obtain more power, there is a recalcitrant truth that continues to plague these companies. That truth is that businesses motivated solely by profit tend to fail in one way or another. Paul wasn’t lying in 1 Timothy 6:10 when he stated that the love of money is the root of all evil; when a company enacts policies solely for profit gain they are betraying a love for money that ultimately makes the company’s practices evil.
Now, do not think I am condemning an attempt to earn a profit. After all, everyone is in it for the profit somewhere along the way. No one would work just to get by or to just pay the bills – ideally everyone wants enough money to take care of the necessities of life and then have some left over for liesure spending and/or savings. Companies should be no different, they should seek to make a profit because that profit can help advance the local economy. Profit in and of itself is not a bad thing, but seeking profit with no ethical parameters is dangerous.
The Myth of Profit as Success Continue reading
I read in a CNN article about how two judges in Pennsylvania took over $2.1 million in kick-backs from people who wanted to see an increase in private detention center usage. I also continue to read about how politicians are being found to have evaded taxes, taken money, or done some other corrupt thing. CEO’s are also finding ways around the law, being corrupt without actually breaking the law. The fact is, the average American has lost almost all confidence in businesses and government due to corruption.
Why are we here though? What has brought us to this point? Continue reading