However, any exchange where a coercive entity dictates a winner and a looser is evil. But to imply from this that all profits are evil is wrong. Free exchange benefits all and is therefore a good thing.
Friday, September 27, 2019
Fallacy - Profits are Evil
When we profit from something, we are better off than we were. That's all it means, and there is nothing evil in this. Nor is a free exchange of goods and services ever evil, because a free exchange cannot happen unless both sides are better off. If one side of a proposed trade does not profit from the exchange, it simply does not happen.
However, any exchange where a coercive entity dictates a winner and a looser is evil. But to imply from this that all profits are evil is wrong. Free exchange benefits all and is therefore a good thing.
However, any exchange where a coercive entity dictates a winner and a looser is evil. But to imply from this that all profits are evil is wrong. Free exchange benefits all and is therefore a good thing.
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