faithandfamilybiz - Magazine - Page 15
ProÞts Are For Everyone
Barry Crickmer - Nations Business.
A condensed version, plus PeterÕs personal thoughts.
ProÞt is whatÕs left of the money a business takes in after all
expenses have been paid.
Difference Between Capitalism
And Socialism
PeterÕs Thoughts
Since the beginning of time man has
remained a mixture of good
Suppliers exchange their
God did not create and bad. But no other system
goods, and workers exchange
their labor for the companies
human beings to has provided opportunities, for
so many, quite like private
money; consumers exchange
serve a system. ownership. A business that
their money for the companyÕs
products. These exchanges are The system is our operates in a competitive
environment must listen to the
servant.
voluntary. In every case, both
consumer. But, a system build
parties to the exchange expect
on concentrated authority attracts those
to beneÞt from it. If there were no mutual
willing to impose their will on others. By its
beneÞt, there would be no exchange.
very nature socialism moves toward
We are told, or at the very least itÕs implied,
corruption.
that under socialism, proÞt is no longer an
economic category. That is not true at all. As God did not create human beings to serve a
system. The system is our servant The perils
long as commodity-money relations still
of socialism has been seen throughout
operate, and they do under socialism, proÞt
history in that it brings out the worst of
is the factor. Lenin insisted that state owned
enterprise operate without loss and that they mankind. You cannot take someoneÕs money
while destroying their capacity to earn it.
bring a proÞt. An economics commentator
once put it this way, "It is not the existence of The abundant life thrives on courageous
proÞt, but rather its the generation and
moral acton. Struggle certainly is not
disposition that differentiates the two
eliminated. But thatÕs whatÕs wonderful about
systems. ProÞt is the secret of human
free choice. Is it not?
progress for all walks of life.
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