The pursuit of profit is a common theme in all of the documentaries I have listed, which is what ultimately led to the predicament we are in today.
That tells me that the author doesn't have the slightest understanding of economics. That being the case, there's no sense reading about his economic predictions.
UPDATE: I think I overstated that. What I really should say is...
The author appears to be of the class that believes that if something is done profitably, it must necessarily be bad. While it's true that many evil things are driven by greed, it's equally true that a pursuit of profits leads one to provide the goods and services that society values the most. Since the opening of the article seems to ignore the latter aspect, I don't expect that any economic analysis it might engage in will have any depth.
Great post. Companies making profit is generally good, because it grows possibilities for all. Granted, if they're doing it by exploiting consumers, that isn't true, but the author doesn't even consider that case.
Yeah. Maybe he meant? - "The pursuit of short term profit is a common theme in all of the documentaries I have listed, which is what ultimately led to the predicament we are in today."
Meaning that instead of building a brand that people trust and will bring in wealth for years, they are using tricks to swindle people and make a lot of money in the here and now. Like what the mortgage companies did before the recession.
The pursuit of profit is a common theme in all of the documentaries I have listed, which is what ultimately led to the predicament we are in today.
That tells me that the author doesn't have the slightest understanding of economics. That being the case, there's no sense reading about his economic predictions.
UPDATE: I think I overstated that. What I really should say is...
The author appears to be of the class that believes that if something is done profitably, it must necessarily be bad. While it's true that many evil things are driven by greed, it's equally true that a pursuit of profits leads one to provide the goods and services that society values the most. Since the opening of the article seems to ignore the latter aspect, I don't expect that any economic analysis it might engage in will have any depth.