General Discussion

el_bryanto

(11,804 posts)

38. What is the profit motive good for?

Mon Mar 10, 2014, 09:34 AM

Mar 2014

What is the benefit of it?

The benefit of it, and the economic competition that goes along with it, is that it in theory forces corporations to do things more efficiently (which is why monopolies, particularly natural monopolies are generally bad things to have in the hands of private corporations).

Assuming we can break up what monopolies there are, why would food not be a good area for the profit motive to prevail?

Bryant

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Highlight:

Industries that should NOT be for profit. I'll start: [View all] JJChambers Mar 2014 OP

Schools. nt bemildred Mar 2014 #1

Defense. nt bemildred Mar 2014 #2

Police. Fire Protection NT Adrahil Mar 2014 #3

Water n/t LeftofObama Mar 2014 #4

Postal Service...... rdharma Mar 2014 #5

Energy. grntuscarora Mar 2014 #6

Military sakabatou Mar 2014 #7

There is a name for "For Profit Military Formations' Wolf Frankula Mar 2014 #13

Scientific research. Nay Mar 2014 #8

Transportation depts. All utilities. truebluegreen Mar 2014 #9

Insurance... Historic NY Mar 2014 #10

public access tv unapatriciated Mar 2014 #11

Medications. Hell Hath No Fury Mar 2014 #12

Moon bases Paulie Mar 2014 #14

Utilities and infrastructure. n/t lumberjack_jeff Mar 2014 #15

Banking, telecommunications, mining and other natural resource extraction. Scuba Mar 2014 #16

Banking n/t Catherina Mar 2014 #17

+1 Rex Mar 2014 #28

Backatcha with a good morning! Catherina Mar 2014 #37

Hope you are having a GREAT day! Rex Mar 2014 #42

Roads... Ron Obvious Mar 2014 #18

add education and energy to round out your list. dionysus Mar 2014 #19

I like this thread. longship Mar 2014 #20

The water supply. TransitJohn Mar 2014 #21

Thank you. This needs to be an issue. Matariki Mar 2014 #22

My few cents worth Half-Century Man Mar 2014 #23

Education and Pure Research RainDog Mar 2014 #24

great thread WhaTHellsgoingonhere Mar 2014 #25

Schools, universities, and the healthcare industry. Vashta Nerada Mar 2014 #26

The MIC, education, Congress. Rex Mar 2014 #27

The Internet. JaneyVee Mar 2014 #29

Yup /nt think Mar 2014 #31

+1. nt bemildred Mar 2014 #35

Does that mean the government takes responsibility for the physical infrastructure? hack89 Mar 2014 #44

kr..nt MindMover Mar 2014 #30

Oil. Nt grahamhgreen Mar 2014 #32

SEX Ichingcarpenter Mar 2014 #33

Title should be "Nationalized" DiverDave Mar 2014 #34

Anything food supply related. n/t whopis01 Mar 2014 #36

What is the profit motive good for? el_bryanto Mar 2014 #38

What is the profit motive good for? Incentive to reach ever higher. To discover something new. randome Mar 2014 #39

In fairness it's also incentive to reach even lower el_bryanto Mar 2014 #40

Oh, I completely agree. randome Mar 2014 #41

Adoption me b zola Mar 2014 #43

College sports. randome Mar 2014 #45

Health Care. Education. LWolf Mar 2014 #46