[arista]

Originally Posted by joeysteele

There isn't anything wrong at all with making profit and making profit is a good thing,indeed even a great thing.
It is however,particularly with excess profits,what is then done with that profit.

Its still a Good Thing

[the truth]

Profit is essential for a monetary system to survive. sadly we have destroyed the need for healthy competition and created a load of cartels, monopolies and price fixing which has and will again destroy r economy

[Kizzy]

Yes profit is good nobody has ever suggested otherwise that I can see. Profit made by exploitation of workforce and manipulation of customers is an unethical way to do business however.

[smeagol]

everything we do is for profit its like the other topic its human nature.
you buy then sell to make a profit to live. you work get wages your profit is your self worth and what you do with your money whether its buy a house or feed your kids which is your profit for the future

hey even love is for profit. people arn't together just for love its also what they can get out of it i,e profit. thats why when ask people its always must have a car job house etc etc , everything is for profit in some way no matter what you do.

[Vicky.]

Of course profit is good.

My problem is when profits continue to grow and grow, whilst costing the consumer ridiculous amounts of money (gas/electric) or while the business exploits its staff (tesco/other workfare takers)

I also feel that if a company is making billions in profits, they should pay above NMW.

[user104658]

Originally Posted by Vicky.

Of course profit is good.

My problem is when profits continue to grow and grow, whilst costing the consumer ridiculous amounts of money (gas/electric) or while the business exploits its staff (tesco/other workfare takers)

I also feel that if a company is making billions in profits, they should pay above NMW.

Exactly - obviously profit is a good thing for a business, and for the economy, or at least, it should be... because the profit should either be reinvested in improving / expanding the existing business, or passed down to the workers who are making it a successful, profitable business through increased wages.

Unfortunately, and increasingly, excess profits are just used to line the pockets of fatcat owners, CEOs and shareholders whilst the workforce are paid minimum wage and no effort is made to expand the business or create new jobs. That's the sort of "profit" that people (rightly) have a problem with.

[Roy Mars III]

very true arista. I think some people are just jealous of rich and successful men like you and I

[the truth]

Originally Posted by Roy Mars III

very true arista. I think some people are just jealous of rich and successful men like you and I

and my good self too sir lol

the utilities SHOULD ALL BE NATIONALISED, PERIOD. THERE IS NO COMPETITION in this market at all, its a monopoly. much of the work is paid for by the state still, all the companies too is cream the profit off the top. same with trains , £50 billion on this utter nonsense electric trains scheme to get from Manchester/Liverpool/wales/ etc to London 15 minutes quicker?
all that's about is paying for the infrastructure which then allows the private shareholders of arriva trains to cream off billions more profits. its is plain disgusting and 50 billion theft by any other name

[Nedusa]

Originally Posted by arista

For example
If I buy direct from China
50,000 UK Radio Controlled Clocks
with alkaline batteries (use by 2022).
Quality sealed in a pack,
I pay one total bulk block price.


I then make a profit on them
after selling them to traders.


Per Unit after tax ,my profit would be £3.


Now that is Very Fair.


I have to Temp Store them
after collecting them from the port.
Then trade them.


Profit is needed as it keeps you trading
I hope some of you can understand this Logic.


Life In The City.

What is the point of this .... Should this not be in the General Chat section ???