Direct from the Democratic Socialists of America website:
“We are socialists because we reject an economic order based on private profit, alienated labor, gross inequalities of wealth and power, discrimination based on race, sex, sexual orientation, gender expression, disability status, age, religion, and national origin, and brutality and violence in defense of the status quo.”
Their FIRST principle is to REJECT the idea of “private profit“. From this obviously PROFIT MUST SOMEHOW BE EVIL.
One must ask, why does a business exist? The most basic reason is to produce something or provide a service and generate a PROFIT. Why would an entrepreneur take a PERSONAL RISK (financial, emotional, physical and mental health) to start a company? Again the answer is, TO MAKE MONEY.
One then must ask, how many innovations have come about where the creator never wanted to make a PROFIT? Look around you. Do you see anything that was produced where the company made NO PROFIT? Do shareholders invest money into companies out of the goodness of their hearts and expect nothing in return or do they expect the company to generate a PROFIT and a RETURN ON INVESTMENT? How many innovations have arisen from such wonderful socialist countries like Venezuela, Cuba, Bangledesh, Guyana, Viet Nam, Laos, Cambodia, or North Korea?
One might argue, what about NON-PROFIT corporations?
The PBS President Paula Kerger earned a paltry $802,978.00 in 2016. If you look at the average non-profit CEO salaries with respect to the organization’s operating budget they are compensated at about 10% of the operating budget. A non-profit with an operating budget of $5,000,000.00 pays their CEO about HALF A MILLION dollars annually. The worker bees, bless their sacrificial hearts, make considerably less.
Why do they pay the CEOs the heftiest of salaries and not a “working man’s wage“? The answer is to attract qualified talent to run the organization. For some silly reason, talented individuals want to be compensated for their time (personal PROFIT). Hmmm, strange concept.
Let’s look at just how EVIL selling for PROFIT has become and how much SADNESS and INJUSTICE it has generated in our world. Here’s one example.
According to Fortune, in 2016 the iPhone 7 had a production cost of about $225. The phone sold for $649 which gives Apple Inc. a PROFIT OF $424 PER PHONE sold. Wowzer, an EVIL GROSS PROFIT of over 188%, that’s a lot of injustice in this world. If you look at the one year cumulative sales of iPhones in which the 7 was released, Apple Inc. shipped nearly a QUARTER BILLION iPhones. Putting that into total numbers, A QUARTER BILLION PEOPLE HAPPILY GAVE Apple Inc. $106 BILLION DOLLARS in EVIL PROFIT in ONE YEAR! That’s a buttload of dumbocratic socialist injustice.
Why would so many people give so much money to a profit generating company and make themselves so SAD?
There’s a thing called a VALUE PROPOSITION. No one forced the consumer at gunpoint to give Apple Inc. the money. The consumer HAPPILY made the trade because they believed that the VALUE of a new iPhone 7 was worth more than possessing the money that they worked for. Apple Inc. on the other hand HAPPILY sold the iPhone because at the completion of the transaction they VALUED the $424 in PROFIT more than they VALUED the produced phone.
Wait, the consumer is HAPPY to pay for the phone at the retail price and Apple Inc. is HAPPY to sell them the phone and make a profit. Who is NOT HAPPY with this transaction?
Oh the social injustice when EVERYONE is HAPPY.
The ONLY SAD thing in all of this is the HUGE number of young people who possess a DUMBOCRATIC socialist view that PROFIT is EVIL.