We all know the argument that profit motive is part of human nature is false. Yet I’m still not sure why capital owners pursue profits. Is it the difference of self-interest vs collective interest? If so then wouldn’t that enforce the argument on human nature? Or am I missing a crucial aspect of the Capitalist system? I’m genuinely wondering.

Edit: Sorry for not being able to answer all of the comments, the blocklist of my instance sadly won’t let me see all of the comments.

  • vxnxnt@feddit.deOP
    2·
    3 years ago

    So profit motive is a part of our nature but the Capitalist system tends to bring forth and immensely intensify this characteristic beyond any sort of reason? Perhaps greed shouldn’t be confused with the pursuit of profit here. Thanks for explaining, I think I have a better understanding of it now!

    • altair222@beehaw.org
      1·
      3 years ago

      A business might need profit for its sustainability and expansion, but a problem with that comes about when we question: to what extent is the expansion justifiable and ethical?

      • vxnxnt@feddit.deOP
        1·
        3 years ago

        For me, there is no way ethical justification other than to avoid to collapse of the business so that the workers don’t lose their jobs. However, profits in a Capitalist system may be well justified by the capital owners as they are often used to stay competitive. But then again the whole system is entirely unethical and unjustifiable.

        • altair222@beehaw.org
          2·
          3 years ago

          yes, and profits arent entirely unethical if we take other types of business politics in consideration. Let’s say its a co-op business and they provide their service so well that more parts of society demands service. in that sense that may desire profit to pay for such an expansion while still being more ethical than its capitalist counterpart

          • strwbrryJen@mastodon.lol
            2·
            3 years ago

            @altair222 @hamborgr um it seems that youve got the socialist definition of profits a bit mixed up. profits are the extracted surplus value of labor to benefit the capitalist. the earnings of a cooperative no longer counts as profit by a socialist definition

          • vxnxnt@feddit.deOP
            2·
            3 years ago

            I agree completely, but as it stands co-ops are currently a very small minority in a market immensely dominated by private capital owners.