The profit motive may not be the cleanest but it's one of the most honest. At least you know where it stands.
Discussion
Playing with my Bitcoin is like playing with my emotions.
Good predictor of human behavior. Very few individuals are truly immune from the incentive of profit.
Nothing wrong with providing a great product/service for an affordable price! That’s how we get better products and services, by rewarding the doers with more capital to provide better things🤝
How do you define profit?
Is profit from murdering "one of the most honest" according to you?
Agreed.
I perceive that there are two main types of markets.
1. Profit - free markets. Consumers vote with their wallets and impact what they want or don't want produced in order to improve their lives and happiness. This is the outcome of free agency, individual liberties and property rights.
2. Ideology. In this kind of centrally planned and rigged market, actors are rewarded or punished based on ideology. The driving ideology sorts winners and losers based on compliance with the ruling regime and its authoritarian belief systems. Examples: national socialism, fascism, communism and socialism.
A good example of the ideology-based market is ESG scores where central planners define the ideological framework and mandated policies and beliefs that all commerce have to be filtered through in order to be successful and legal.