- 13 Mar 2019 09:05
#14993589
Corporations are NOT merely "profit-seeking". They are profit-maximizing. Thats the issue.
A healthy company will need profit, or at least cut even, at least in the longterm. Thats the point of a regular company. They exist to produce wealth.
While a hospital for example is not a regular company. It doesnt exist to produce any profit whatsoever. It exists so ill and wounded people can be treated. Thus there need to be a sufficient amount of hospitals everywhere and thus having privately owned hospitals is a really bad idea.
The problem is when profit is how the success is measured of a company. Not quality of products, not customer happiness, not technological advance, but merely as much profit as possible. This is what should be opposed. This is what kills companies. This is what leads to awful products, enraged customers, and failing to invest and advance.
Thats why a companies like Zeiss are such a desireable role model for the future. Zeiss isnt owned by anyone, but ruled by the Zeiss foundation. Zeiss has a strict set of rules, for example the highest paid employee cannot receive more than ten times the salary of the lowest paid employee.
Nobody can buy Zeiss. Nobody can take profit from the company anyway. Either Zeiss uses its profits for investments or it helps the general good.
A different way to describe this, and its equally valid, is that Zeiss is owned by the current set of workers who work at Zeiss. And they do good work because they want to keep their good job.
Thats probably why Zeiss is the second oldest optical company (the oldest was Voigtländer) and is still going strong (Voigtländer got sold in the 1960s).
A healthy company will need profit, or at least cut even, at least in the longterm. Thats the point of a regular company. They exist to produce wealth.
While a hospital for example is not a regular company. It doesnt exist to produce any profit whatsoever. It exists so ill and wounded people can be treated. Thus there need to be a sufficient amount of hospitals everywhere and thus having privately owned hospitals is a really bad idea.
The problem is when profit is how the success is measured of a company. Not quality of products, not customer happiness, not technological advance, but merely as much profit as possible. This is what should be opposed. This is what kills companies. This is what leads to awful products, enraged customers, and failing to invest and advance.
Thats why a companies like Zeiss are such a desireable role model for the future. Zeiss isnt owned by anyone, but ruled by the Zeiss foundation. Zeiss has a strict set of rules, for example the highest paid employee cannot receive more than ten times the salary of the lowest paid employee.
Nobody can buy Zeiss. Nobody can take profit from the company anyway. Either Zeiss uses its profits for investments or it helps the general good.
A different way to describe this, and its equally valid, is that Zeiss is owned by the current set of workers who work at Zeiss. And they do good work because they want to keep their good job.
Thats probably why Zeiss is the second oldest optical company (the oldest was Voigtländer) and is still going strong (Voigtländer got sold in the 1960s).
There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning. - Warren Buffett
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