Profit maximization is antithetical to citizen well-being
Evidence
Despite claims of job creation, and the dominant message that business success helps all of us, the reality is that ultimately market gains, or profit, are contrary to the well-being of citizens—as one rises, the other decreases. Our current economic system is coercive, and this is the crucial political reality that mainstream economics hides. — Clara E. Mattei, Escape from Capitalism, 28
Categorization
Category: Contrarian or Surprising Claims
Related
- Profit accumulation and citizen well-being move in opposite directions (similarity 0.91)
- Profit only arises because workers produce more value than they are paid. (similarity 0.79)
- Growth rests on workers selling labor for less than the value they create (similarity 0.79)
- Economic success built on coercion may collapse when rule liberalizes (similarity 0.78)
- Poverty, inequality, and unemployment are solutions, not problems, for capital. (similarity 0.78)