This is John Replogle from Burt’s Bees.
Capital’s only objective is to profit from whatever it does; as Marx has famously said if it can gain anything from digging its grave it won’t hesitate to do that too. its wars in the name of freedom, human rights, anti-terrorism , anticommunism , et al have nothing to do with its declared intentions but has a lot to do with its only motive of profiteering !
Social responsibility should go hand in hand with profit. In any business where proffiteering is the only objective, the price they end up paying is sometimes greater than profit. There are strikes, sabotages, high level of absentees and meagreness which affects the output and obviously the profit. Whereas, a generous director or manager with social responsibility is loved, workers are happier, they give more and always willing to sacrifice for him. He can rest asure that the reward will come in. We always reap whatever we sow.
The simple and honest answer to that question is,yes.Russia did a very good job of digging it’s own grave.China stopped digging when she saw a profit from a world market,she has continued to grow,while others stagnate.All thanks to profit.
Profit must not be a priority, just the result of sounded business model.
But that does not mean that life is static. Therefore, it is normal that the employees try to get more from the profit, and the management opposed it for the so-called sake of the company. So, it has to be expected that struggles exist between employees and managers as well as investors and managers. Those are the natural forces that shape the attractiveness of a business.
Nevertheless, it does not change the fact that a business process must remain profitable to survive on the long run.
If it was not for profit .. Corporations would not push themselves to innovate and produce better products. This ranges from medical products to luxury products…. WHilst profit does not improve profit, citing it as the main reason for poverty is ridiculous
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