Profit

If for profit we substitute “motivation for producing”, it can be seen readily that without it, little gets done.  I was reading about Cuba yesterday, in a National Geographic article, and the universal lament is “nothing works”.  All their cars are American cars from the 1950’s or pieces of crap from the old Soviet Union, which also of course are quite old.

Why do you work?  You get paid.  That is profit.  Why do villagers work in Africa?  To eat.  That is their profit. 

Entrepreneurs create new things to get paid.  If they don’t get paid, they don’t create new things.

The fact of the matter is that there is no way to succeed in a Capitalist economy if you do not produce things people want, at prices they are willing to pay.  If you don’t do that, you can’t profit, UNLESS you get the government to help you, as in Solyndra and a dozen other similar tax-payer funded expensive failures that STILL netted the people created them a lot of money.

If you see a successful person, they created a lot of things people wanted at prices they were willing to pay.

Other than government, the only other exception is bankers.  I will share again a link I have posted often: http://www.goodnessmovement.com/Page23.html

It has come to my attention recently that something along the lines of my proposal was pushed aggressively in the 1930’s by a number of economists under the name of the Chicago Plan.  I am researching it, but since it effectively cedes control of the banking sector to the government, I doubt I will be able to support it.  I will however be able to use it as an example of smart and erudite people suggesting something LIKE what I have proposed.

As far as I can tell, I am the only person ever to have suggested that the quantity of money be fixed forever, and that its value should be allowed to increase.  That seems unlikely, but I have yet to see anyone else saying it.  If you the reader have seen it, let me know.