What does "abolish profit" mean?

[Lee-Lee]

54. Here is how a very active DSA type explained it to me. Basically abolishing private business owners

Real Democratic Socialists believe all means of production and distribution- so essentially all economic activities- must be owned either by the state or collectively by all workers in that activity.

It’s right there in the DSA Constitution calling for a rejection of private profit and for “popular control of resources and production”.

So what do they mean by it? Let’s take a restaurant for example. In today’s world if you start a restaurant you employ people, they work for you, you pay them wages. Any profit made by the business you keep.

Marx and the DSA would call the people you employed in your restaurant as “alienated labor”. They work at your direction and they don’t get an equal share of the fruits of their labor.

Under the DSA belief system if that restaurant is not publicly/state owned and run then all the workers in that restaurant should be equal owners of the enterprise. Decisions on the running should be made equally by all parties and all proceeds from running it should be distributed equally among all workers. All prices should be set not to maximize how much all the workers make, but at the level to provide them with the means to obtain what they need.

Then there are no private profits, no owner or manager making an unjust enrichment from the labor of the others.

This is what the DSA actually believes, and believes for all economic activity.