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Countries were told they had no incentives because of social ownership. The solution was privatization and profit, profit, profit. Privatization would replace inefficient state ownership, and the profit system plus the huge defense cutbacks would let them take existing resources and an increase in consumption. Worries about distribution and competition or even concerns about democratic processes being undermined by excessive concentration of wealth could be addressed later.
Joseph StiglitzPerhaps the most extraordinary characteristic of current America is the attempt to reduce life to buying and selling. Life is not love unless love is sex and bought and sold. Life is not knowledge save knowledge of technique, of science for destruction. Life is not beauty except beauty for sale. Life is not art unless its price is high and it is sold for profit. All life is production for profit, and for what is profit but for buying and selling again?
W. E. B. Du BoisThe [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.
Ludwig von MisesOne who works for his own profit is likely to work hard. One who works for the use of others, without profit to himself, is likely not to work any harder than he must.
B. Carroll ReeceThere has grown up in the minds of certain groups in this country the notion that because a man or corporation has made a profit out of the public for a number of years, the government and the courts are charged with the duty of guaranteeing such profit in the future, even in the face of changing circumstances and contrary public interest. This strange doctrine is not supported by statute nor common law. Neither individuals nor corporations have any right to come into court and ask that the clock of history be stopped, or turned back...
Robert A. HeinleinWe can ill afford to have activities conducted as "non-profit," that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
Peter DruckerI try to build on our management philosophy. I try to understand what the threats and opportunities are for us. Uh, I try to make sure that we're driving innovation and creative destruction hard enough so we're not blindsided, and that our attitude is to, in starting any initiative, any business, is to focus on how we can create value for others, rather than how we maximize profit, because you can make money focusing on, "How do I maximize profit?"
Charles KochThere can be no freedom of the individual, no democracy, without the capital system, the profit system, the private enterprise system. These are, in the end, inseparable. Those who would destroy freedom have only first to destroy the hope of gain, the profit of enterprise and risk-taking, the hope of accumulating capital, the hope to save something for one's old age and for one's children. For a community of men without property, and without the hope of getting it by honest effort, is a community of slaves of a despotic State.
Russell Cornell LeffingwellEntrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cash flow matters most.
Peter DruckerProduction for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
Immanuel WallersteinI also don't think all of the revenue will come from digital subscriptions. We have in the New York Times a mix of revenue sources and it will continue to be a mix for quite a while. What makes me more nervous is that we built this newsroom on a really high profit margin that has eroded significantly over the last years. I'm nervous that we won't continue to have the profit margins that allow us to have a big, robust newsroom.
Dean BaquetOne of the proven ways of getting workers more involved with their jobs is by dovetailing employee profit-sharing and stock ownership plans with greater responsibility sharing... Trade unions in this country should... consider these arrangements much more carefully than they have up to now... Expanded employee profit participation and stock ownership would provide workers with a greater measure of economic and social independence, thus stimulating increased productivity.
Jacob K. JavitsWhen profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.
Adam SmithHappiness is not an individual matter. When you are able to bring relief, or bring back the smile to one person, not only that person profits, but you also profit.
Nhat HanhI hold every man a debtor to his profession; from the which as men of course do seek to receive countenance and profit, so ought they of duty to endeavor themselves, by way of amends, to be a help and ornament thereunto.
Francis BaconYou have forgotten the One who doesn't care about ownership, who doesn't try to turn a profit from every human exchange.
RumiPeople talk about Jim Crow as if it's dead. Jim Crow isn't gone. It's adjusted. Look at the disproportionate sentences meted out to blacks caught up in the criminal justice system. There's a problem when people profit from putting and keeping African Americans in prison. We need to do a better job as a nation understanding the real values the country's built upon in terms of fairness, equality and equal opportunity.
Aldis HodgeIt is the masculine dynamic that has caused our society to place money and corporate profit above human beings. It has allowed the earth to be viewed only as a commodity to be exploited. The feminine perspective sees things differently. She sees the earth and all its inhabitants as entities to be revered and cared for. She sees individual human beings as more important than the relentless advance of capitalism and competition. It is my hope, perhaps indirectly expressed in my work, that the divine feminine is reawakening.
Mark RydenTeach players the game at an early age and stop treating them like cash cows for everyone to profit off of.
Kobe BryantLetting your customers set your standards is a dangerous game, because the race to the bottom is pretty easy to win. Setting your own standards--and living up to them--is a better way to profit. Not to mention a better way to make your day worth all the effort you put into it." -
Seth GodinWe can make market forces work better for the poor if we can develop a more creative capitalism-if we can stretch the reach of market forces so that more people can make a profit, or at least make a living, serving people who are suffering from the worst inequities. ... You have more than we had; you must start sooner, and carry on longer.
Bill GatesI can't even describe to anybody what it feels like to have my naked body shot across the world like a news flash against my will. It just makes me feel like a piece of meat that's being passed around for profit.
Jennifer LawrenceTo take something from a person and keep it for oneself: that is robbery. To take something from one person and then turn it over to another in exchange for as much money as you can get: that is business. Robbery is so much more stupid, since it is satisfied with a single, frequently dangerous profit; whereas in business it can be doubled without danger.
Octave MirbeauPythagoras used to say that life resembles the Olympic Games: a few people strain their muscles to carry off a prize; others bring trinkets to sell to the crowd for gain; and some there are, and not the worst, who seek no other profit than to look at the show and see how and why everything is done; spectators of the life of other people in order to judge and regulate their own.
Michel de MontaigneProfit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.
Peter DruckerThe economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
Milton FriedmanFrom the Anarchist standpoint, these artificial hindrances which are the cause of three main forms of usury-interest, profit, and rent, are, in the order of their importance, monopoly in the control of the circulating medium-money and credit, private property in land not based on occupancy and use, patent rights and copyrights, and tariffs.
Laurance LabadieA person deprived of beauty and pleasure puts me in mind of the Haitian notion of a zombie - a person disconnected from his or her soul, a person who works for others' profit but never his own, a person who mindlessly does the bidding of the boss and exists in an emotional and mental limbo.
Ben FountainFor [Karl] Marx what counts is man. He is the root of everything;while for capitalism, the aim are things, profit, and man is only a means to gain them. As an authentically religious individual, Marx could not be other than against "religion".
Erich FrommI had a ludicrous childhood, but I feel that I was able to profit from a lot of the idiotic and unfortunate things that happened to me by turning them into fiction.
Heather O'NeillVictory is for them, not for us. We have not made profit out of our country's misfortune. Victory does not bring us luck.
Ba JinThe man was running away with the rest, and selling his papers for a shilling each as he ranโa grotesque mingling of profit and panic.
H. G. WellsA man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.
John C. MaxwellWhat a strange thing - that musicians grant permission to places like Ubuweb, and then because it's free, it'll probably be listened to more often than something that is still wrestling with this idea of making a profit.
David GrubbsThe obsession with economic profit and technical efficiency puts the human rhythms of life at risk.
Pope FrancisThe bottom line is down where it belongs โ at the bottom. Far above it in importance are the infinite number of events that produce the profit or loss.
Paul HawkenMore and more, leadership, whether it's profit or nonprofit, is about recruiting and keeping talented people. That's the biggest challenge. Yes, you've got to create systems that will enable people easily to innovate continuously; you've got to be a system-builder. But finding and keeping geeks and shrinks is the biggest challenge. That means leaders have got to be salespeople, they've got to be recruiters, and they've got to be actively able to understand and keep the talent they have. Leadership is courtship. That's what it's becoming.
Robert ReichI do not believe that our relationship to the earth is liable to change for the better until it gets catastrophically worse. Our record indicates that we can walk with our eyes wide open straight into sheer destruction if there is a profit on the way-and that seems to me to be what we are doing now. I have no great expectation that human cussedness will somehow be quickly modified and turned into generosity or that humanity's care of the earth will improve much. But I do go around planting trees on the campus.
Joseph SittlerApparently there is no profit in the unique, or not enough to make it worthwhile to preserve. Ultimately it drains the life out of us, and existentialism starts to make more and more sense.
Lewis BlackYou can be entrepreneurial even if you donโt want to be in business. You can be a social entrepreneur focused on the not-for-profit sector. You can be an agriculture entrepreneur if you want to change how people think about farming. You can be a policy entrepreneur if you want to go into government. The idea of an entrepreneur is really thinking out of the box and taking risks and stepping up to major challenges.
Steve Case