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May 10, 2006

Profit...It's A Good Thing

One of my favorite people, Walter Williams, has something to say about a dirty little word: profit.

One of the wonderful things about free markets is that the path to greater wealth comes not from looting, plundering and enslaving one's fellow man, as it has throughout most of human history, but by serving and pleasing him. Many of the wonderful achievements of the 20th century were the result of the pursuit of profits. Unfortunately, demagoguery has led to profits becoming a dirty word. Nonprofit is seen as more righteous, particularly when people pompously stand before us and declare, "We're a nonprofit organization."

Read the whole thing.

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Posted by Pam Meister at 02:03 PM | Comments (0) | TrackBack (0) | Economy
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