J.D. Von Pischke writes to The Quaker Economist (not yet published there):
"The first step of emancipation is to learn to recognize when your emotions are being manipulated for profit. --Loren Cobb" Gain would be a better term than profit, which usually refers to money. Profit is a subset of gain, and gain conveys power. We should be concerned about the creation of power, its distribution, its uses and responses to it. Non-profit organizations exist to obtain power, just like profit-making enterprises. Each has governance problems, and the outcomes achieved by each are complex and hotly disputed.
Lots of people are concerned about the greed of big corporations, seeking larger and larger profits. Of much more interest to me are concentrations of power rather than profit.
posted at: 15:39 | path: /economics | permanent link to this entry