Quotes about profit
page 3

“The Labor Party is not going to profit from having these proven unsuccessful people around who are frightened of their own shadow and won't get out of bed in the morning unless they've had a focus group report to tell them which side of bed to get out.”

Paul Keating (1944) Australian politician, 24th Prime Minister of Australia

On the modern ALP, Lateline interview, June 7 2007.

People

“Management’s job. It is management’s job to direct the efforts of all components toward the aim of the system. The first step is clarification: everyone in the organization must understand the aim of the system, and how to direct his efforts toward it. Everyone must understand the damage and loss to the whole organization from a team that seeks to become a selfish, independent, profit centre.”

W. Edwards Deming (1900–1993) American professor, author, and consultant

The New Economics for Industry, Government, Education (1993)

Understanding, Effort, Loss, Selfishness

“The vendors seemed comical, so intent were they on their slivers of meaningless profit, all unaware of the desolate ages that lay in their own near future, their own imminent deaths.”

Arthur C. Clarke book The Light of Other Days

Source: The Light of Other Days (2000), Chapter 26

Death, Age, Future

“In the next five years, molecular Darwinism—the idea that Darwinian processes can produce complex molecular structures at the subcellular level—will be dead. When that happens, evolutionary biology will experience a crisis of confidence because evolutionary biology hinges on the evolution of the right molecules. I therefore foresee a Taliban-style collapse of Darwinism in the next ten years. Intelligent design will of course profit greatly from this.”

William A. Dembski (1960) American intelligent design advocate

" Measure of Design: A Conversation About the Past, Present & Future of Darwinism & Design http://www.touchstonemag.com/archives/article.php?id=17-06-060-i#ixzz2elFILC9O|The" Touchstone, volume 17, issue 6, pages 60-65, at page 64 (July/August 2004). 2000s

Confidence, Intelligence, Idea, Dead

“I do not mean to suggest that all those who call themselves monetarists make this unconscious assumption that an inflation involves this uniform rise of prices. But we may distinguish two schools of monetarism. The first would prescribe a monthly or annual increase in the stock of money just sufficient, in their judgment, to keep prices stable. The second school (which the first might dismiss as mere inflationists) wants a continuous increase in the stock of money sufficient to raise prices steadily by a "small" amount—2 or 3 per cent a year. These are the advocates of a "creeping" inflation. … I made a distinction earlier between the monetarists strictly so called and the "creeping inflationists." This distinction applies to the intent of their recommended policies rather than to the result. The intent of the monetarists is not to keep raising the price "level" but simply to keep it from falling, i. e., simply to keep it "stable." But it is impossible to know in advance precisely what uniform rate of money-supply increase would in fact do this. The monetarists are right in assuming that in a prospering economy, if the stock of money were not increased, there would probably be a mild long-run tendency for prices to decline. But they are wrong in assuming that this would necessarily threaten employment or production. For in a free and flexible economy prices would be falling because productivity was increasing, that is, because costs of production were falling. There would be no necessary reduction in real profit margins. The American economy has often been prosperous in the past over periods when prices were declining. Though money wage-rates may not increase in such periods, their purchasing power does increase. So there is no need to keep increasing the stock of money to prevent prices from declining. A fixed arbitrary annual increase in the money stock "to keep prices stable" could easily lead to a "creeping inflation" of prices.”

Henry Hazlitt (1894–1993) American journalist

Where the Monetarists Go Wrong (1976)

Money, School, Past

“First let us ask whether our wealth-creating agencies, particular that of industry, are to be based upon private enterprise of policy management. I can not see how any intelligent observer can have any possible faith in the capacity of political management to provide either stability or progress if it should set out to operate the agencies of wealth creation, particularly industry. It is my firm conviction that any form of 'Government Regulation of Business' is bound to result in an ever-increasing interference with the broad exercise of initiative - the very foundation of the American system. That is the natural evolution of bureaucracy. If that be so, might not the ultimate logical result be the necessity for the socialization of industry through the break down of the profit system induced by the accumulative effect of the ever-increasing political management. We do not need to go far afield to see definite evidences of that possibility”

Alfred P. Sloan (1875–1966) American businessman

as cited in: Thurman Arnold (2000, 72-73).
New York Times interview, 1935

Faith, Exercises, Intelligence, Business

“The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system. The people who make our clothes, assemble our phones and grow our food are being exploited to ensure a steady supply of cheap goods, and swell the profits of corporations and billionaire investors.”

Winnie Byanyima (1959) Ugandan aeronautical engineer, politician and diplomat

Richest 1 percent bagged 82 percent of wealth created last year - poorest half of humanity got nothing https://www.oxfam.org/en/pressroom/pressreleases/2018-01-22/richest-1-percent-bagged-82-percent-wealth-created-last-year, Oxfam International (22 January 2018)

People, Food, Clothes

“We are not here in this world to find elegant solutions, pregnant with initiative, or to serve the ways and modes of profitable progress. No, we are here to provide for all those who are weaker and hungrier, more battered and crippled than ourselves. That is our only certain good and great purpose on earth, and if you ask me about those insoluble economic problems that may arise if the top is deprived of their initiative, I would answer 'To hell with them.”

Michael Foot (1913–2010) British politician

The top is greedy and mean and will always find a way to take care of themselves. They always do.
Speech before the 1983 General Election.
1980s

World, Way, Hell, Problem

“A business of high principle attracts high-caliber people more easily, thereby gaining a basic competitive and profit edge.”

Marvin Bower (1903–2003) American business theorist

Source: The Will to Manage (1966), p. 25

People, Business

“The actual manufacture of material into a specific product is a sort of digestive process which must have a functioning organization purposed to meet the required ends, just as the human body has, and it is governed by similar conditions. It must also be directed by a specific intelligence and must have internal and external avenues of correspondence to keep it alive; and, like a living organism, must adhere to the eternal economy of things and show a profit by its activities or it cannot progress.
To exemplify this in a simple way, the writer has laid out Figure I, showing the prime elements composing the anatomy of an industrial body. One does not have to draw on the imagination very far to make a comparison of this anatomy with that of man. It has its mind, will power, and brain to direct it, as indicated by the stockholders, directors and executive officers, a heart which keeps in flow the circulating medium internally; and avenues of correspondence with the outside world which furnish to it the very elements of existence.
This chart shows first, that the stockholders are simply elements belonging to the general public who have made an investment for some specific purpose; second, that immediately after this, the election of directors sets into action the first internal factor in the body, which is then divided into different functioning powers by the election of executive officers.”

Clinton Edgar Woods (1863) American engineer

Source: Organizing a factory (1905), p. 24

World, Way, Imagination, Intelligence

“Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist…This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease…killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.”

Linda McQuaig (1951) journalist and author

All You Can Eat: Greed, Lust and the New Capitalism (2001)

Money, People, Disease, Sleep

“My hope in writing this book has been that enough people will choose to profit from that opportunity to make a difference.”

Jared Diamond book Collapse: How Societies Choose to Fail or Succeed

Source: Collapse: How Societies Choose to Fail or Succeed (2005), Chapter "The world as a polder: what does it all mean to us today?", section "Reasons for hope" (Penguin Books, 2011, page 525, ISBN 978-0-241-95868-1.

People, Books, Hope

“The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

Dependency, Country

“The logic of divestment couldn't be simpler: if it's wrong to wreck the climate, it's wrong to profit from that wreckage.”

Bill McKibben (1960) American environmentalist and writer

"The case for fossil-fuel divestment" https://www.rollingstone.com/politics/news/the-case-for-fossil-fuel-divestment-20130222, 22 February 2013. Other Bill McKibben Quotes Variant: If it is wrong to wreck the planet, then it is wrong to profit from that wreckage.

“In this word: Suddenly thou shalt be taken, — I saw that God rewardeth man for the patience that he hath in abiding God’s will, and for his time, and that man lengtheneth his patience over the time of his living. For not-knowing of his time of passing, that is a great profit: for if a man knew his time, he should not have patience over that time; but, as God willeth, while the soul is in the body it seemeth to itself that it is ever at the point to be taken. For all this life and this languor that we have here is but a point, and when we are taken suddenly out of pain into bliss then pain shall be nought.”

Julian of Norwich (1342–1416) English theologian and anchoress

The Fifteenth Revelation, Chapter 63

Life, God, Pain, Soul

“These are the elements of an emerging order that may prove to be as dangerous as any fundamentalism that history has produced. For in a world where anything or anyone can be owned, manipulated, and exploited for profit, everything and everyone will be.”

Joel Bakan (1959) Canadian writer, musician, filmmaker and legal scholar

Source: The Corporation: The Pathological Pursuit of Profit and Power (2004), Chapter 5, Corporations Unlimited, p. 138

World, History

“I was officially advised that during the long vacation it might be profitable to attain at least a nodding acquaintance with the curriculum, and thus stave off the already likely possibility that I would receive a degree classified so low it would be tantamount to a certificate of mental disability.”

Clive James (1939–2019) Australian author, critic, broadcaster, poet, translator and memoirist

Source: Memoirs, May Week Was in June (1990), p. 45

“This bill, if passed into law, will serve as a deterrent to those who will take advantage of the poverty situation in order to profit from selling our women and children. This is one of the most repulsive crimes in society today, and we must not allow our women and children to fall prey to these vultures.”

Francis Escudero (1969) Filipino politician

The Official Website of the Senate of the Philippines http://www.senate.gov.ph/press_release/2009/0507_escudero1.asp 2009

Women, Children, Law

“The Vietnam War is behind us but not entirely forgotten. Like our Civil War, Vietnam holds a fascination for many Americans, and I suspect that this will grow rather than diminish as research continues and new works are published about the war. For the older military professionals who served during the Vietnam War and for the still older career military men who were perplexed by it, my advice is to look at Vietnam in a broader historical perspective. For the young military professional who did not serve in Vietnam, my advice is to learn all you can about the war and try to understand it. Finally for those military men now serving at the top military positions, as well as those who will rise to those positions later, my advice is to do all you can to improve the civilian-military interface in the highest councils of our government. This is the best way I know to better the chances that our civilian leaders truly understand the risks, costs, and probable outcomes of military actions before they take the nation to war. The United States cannot afford to put itself again at such enormous strategic disadvantage as we found ourselves in in Vietnam. How deep Vietnam has stamped its imprint on American history has yet to be determined. In any event, I am optimistic enough to believe that we Americans can and will learn and profit from our experience.”

Bruce Palmer Jr. (1913–2000) United States Army Chief of Staff

Closing words, p. 209-210
The 25-Year War: America's Military Role in Vietnam (1984)

Men, War, Way, History

“How could such industries as software, semiconductors, and computers have been so innovative despite historically weak patent protection? We argue that if innovation is both sequential and complementary—as it certainly has been in those industries—competition can increase firms’ future profits thus offsetting short-term dissipation of rents. A simple model also shows that in such a dynamic industry, patent protection may reduce overall innovation and social welfare. The natural experiment that occurred when patent protection was extended to software in the 1980's provides a test of this model. Standard arguments would predict that R&D intensity and productivity should have increased among patenting firms.”

Eric Maskin (1950) American Nobel laureate in economics

Bessen, James, and Eric Maskin. " Sequential innovation, patents, and imitation http://ec.europa.eu/internal_market/indprop/docs/comp/replies/appendix1_en.pdf." The RAND Journal of Economics, 40.4 (2009): p. 611.

Nature, Future

“Adam Smith’s image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments, in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the “impartial spectator” which is forced on us by our moral nature.”

Ted Malloch (1952) American businessman

Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 108.

Motivation, Nature

“Since money belongs to the community … it would seem that the community may control it as it wills, and therefore may make as much profit from alteration as it likes, and treat money as its own property.”

Nicole Oresme (1323–1382) French philosopher

Source: Traictie de la Première Invention des Monnoies (1355), Ch. 22: Whether the community may alter money.

Money, Communication

“Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development - it has run consistently about 6 percent of sales at Sony - and in service.”

Akio Morita (1921–1999) Japanese businessman

Source: Made in Japan (1986), p. 156.

“Better than big business is clean business.
To an honest man the most satisfactory reflection after he has amassed his dollars is not that they are many but that they are all clean.
What constitutes clean business? The answer is obvious enough, but the obvious needs restating every once in a while.
"A clean profit is one that has also made a profit for the other fellow."
This is fundamental moral axiom in business. Any gain that arises from another's loss is dirty.
Any business whose prosperity depends upon damage to any other business is a menace to the general welfare.
That is why gambling, direct or indirect, is criminal, why lotteries are prohibited by law, and why even gambling slot-machine devices are not tolerated in civilized countries. When a farmer sells a housekeeper a barrel of apples, when a milkman sells her a quart of milk, or the butcher a pound of steak, or the dry-goods man a yard of muslin, the housekeeper is benefited quite as much as those who get her money.
That is the type of honest, clean business, the kind that helps everybody and hurts nobody. Of course as business becomes more complicated it grows more difficult to tell so clearly whether both sides are equally prospered. No principle is automatic. It requires sense, judgment, and conscience to keep clean; but it can be done, nevertheless, if one is determined to maintain his self-respect. A man that makes a habit, every deal he goes into, of asking himself, "What is there in it for the other fellow?" and who refuses to enter into any transaction where his own gain will mean disaster to some one else, cannot go for wrong.
And no matter how many memorial churches he builds, nor how much he gives to charity, or how many monuments he erects in his native town, any man who has made his money by ruining other people is not entitled to be called decent. A factory where many workmen are given employment, paid living wages, and where health and life are conserved, is doing more real good in the world than ten eleemosynary institutions.
The only really charitable dollar is the clean dollar. And the nasty dollar, wrung from wronged workmen or gotten by unfair methods from competitors, is never nastier than when it pretends to serve the Lord by being given to the poor, to education, or to religion. In the long run all such dollars tend to corrupt and disrupt society.
Of all vile money, that which is the most unspeakably vile is the money spent for war; for war is conceived by the blundering ignorance and selfishness of rulers, is fanned to flame by the very lowest passions of humanity, and prostitutes the highest ideal of men; zeal for the common good; to the business of killing human beings and destroying the results of their collective work.”

Frank Crane (1861–1928) American Presbyterian minister

Four Minute Essays Vol. 5 (1919), Clean Business

Life, Men, Money, War

“We in India, as a result of our planned economic development, not central planning, but mixed planning, mixed economy, we have experimented with, we have moved to a stage of partial maturity of the economy, when we needed new forms of management, new forms of, expression of the spirit of enterprise, so that the economy can move forward. The compulsion to liberalisation and globalisation arose from this. This is why we say that India's liberalisation is an irreversible process…. and, in a vast country, with millions of people and poverty, rampant, we cannot liberalise recklessly, in such a way that the balance of the society is upset and while some sections would flourish, make profits, the rest of the people would be left without employment and be helpless. Therefore, we have to have a balanced approach to liberalisation and also to globalisation.”

K. R. Narayanan (1920–2005) 9th Vice President and the 10th President of India

Shri K. R. Narayanan President of India in Conversation with N. Ram on Doordarshan and All India Radio

People, Way, Country

“If somehow we could snap our fingers and there would no longer be any drugs in the world whatsoever, would there be no more addiction? Would there be no more suffering? Or is it possible that addiction is not really about drugs, that addiction is really about the relationships that human beings form with one another and all sorts of things? That it's about the difference between establishing good relationships and bad relationships? Who is going to be in control? Who is going to say what this relationship should be between ourselves and these plants and chemicals and substances?… Is this a decision that we just put in the hands of government? Is this a decision we put just in the hands of doctors? Just in the hands of the pharmaceutical companies, the tobacco companies, the alcohol companies and all the other corporations that profit off of the production and sale of these things? The true challenge is how do we learn to live with these substances in such a way that they cause the least possible harm and the greatest possible good. What will cause people to wake up and say "Stop?" What will cause people to say, "Enough is enough?"”

Ethan Nadelmann (1957) American writer; campaigner for the legalization of marijuana

What will cause people to say, "I value my freedom even if that freedom involves a measure of risk?" Video address, http://www.youtube.com/watch?v=KBW07ITbagc hosted on YouTube http://www.youtube.com by user "droppingknowledge." The War on Drugs

People, Alcohol, World, Way

“There is nothing, nothing on Urras that we Anarresti need! We left with empty hands, a hundred and seventy years ago, and we were right. We took nothing. Because there is nothing here but States and their weapons, the rich and their lies, and the poor and their misery. There is no way to act rightly, with a clear heart, on Urras. There is nothing you can do that profit does not enter into, and fear of loss, and the wish for power. You cannot say good morning without knowing which of you is ‘superior’ to the other, or trying to prove it. You cannot act like a brother to other people, you must manipulate them, or command them, or obey them, or trick them. You cannot touch another person, yet they will not leave you alone. There is no freedom. It is a box—Urras is a box, a package, with all the beautiful wrapping of blue sky and meadows and forests and great cities. And you open the box, and what is inside it? A black cellar full of dust, and a dead man. A man whose hand was shot off because he held it out to others. I have been in Hell at last. Desar was right; it is Urras; Hell is Urras.”

Ursula K. Le Guin Hainish Cycle

Source: Hainish Cycle, (1974), Chapter 11 (pp. 346-347)

People, Fear, Beauty, Way

“The first application of this principle [of the division of labor] must have been made in a very early stage of society; for it must soon have been apparent that more comforts and conveniences could be acquired by one man restricting his occupation to the art of making bows, another to that of building houses, a third boats, and so on. This division of labor Into trades was not, however, the result of an opinion that the general riches of the community would be increased by such an arrangement: but it must have arisen from the circumstances, of each individual so employed discovering that he himself could thus make a greater profit of his labour than by pursuing more varied occupations.”

Charles Babbage On the Economy of Machinery and Manufactures

Source: On the Economy of Machinery and Manufactures, 1832/1841, p. 170. Ch 19. "On the division of labour"

Art, Communication, Housing

“[F]or all the economic destruction levied on the South by the war, the people who ran the economic show before the war were still running it afterwards. Former slaveholders were thus free to use cotton profits to maintain a version of the plantation system and force the freedpeople into peonage; peonage, in turn, gave white Democrats the power to control black voting…”

Allen C. Guelzo (1953) American historian

2010s, Interview with Sara Gabbard (2018)

War, People

“The universal law of generosity ensures both the giver and recipient profit”

Steve Maraboli (1975)

Source: Life, the Truth, and Being Free (2010), p. 159

Law, Universe

“In movies, the balance between art and business has always been precarious, with business outweighing art, but the business was, at least, in the hands of businessmen who loved movies. As popular entertainment, movies need something of what the vulgarian moguls had — zest, a belief in their own instincts, a sentimental dedication to producing pictures that would make their country proud of their contribution, a respect for quality, and the biggest thing: a willingness to take chances. The cool managerial sharks don’t have that; neither do the academics. But the vulgarians also did more than their share of damage, and they’re gone forever anyway. They were part of a different America. They were, more often than not, men who paid only lip service to high ideals, while gouging everyone for profits. The big change in the country is reflected in the fact that people in the movie business no longer feel it necessary to talk about principles at all.”

Pauline Kael (1919–2001) American film critic

Taking It All In (1983), Why Are Movies So Bad? Or, The Numbers (1980-06-23)

Love, Men, People, Art

“When the classical worldview was applied to social science, the dominant notions turned out to be struggle for survival, the profit of the individual, with at best an assumed automatic coincidence of individual and societal good (through Adam Smith's "invisible hand"). When the systemic vision inspires the theories of social science, the values of competition are mitigated by those of cooperation, and the emphasis on individualistic work ethos is tempered with a tolerance of diversity and of experimentation with institutions and practices that foster man-man and man- nature adaptation and harmony.”

Ervin László (1932) Hungarian musician and philosopher

Source: The systems view of the world (1996), p. 12.

Nature, Science

“It is easier to point fingers than to accept responsibilities. People complain about elected officials but they do not care to vote. They criticize some multinational corporations but their banks and 401K are profiting from the stocks of those companies.”

Newton Lee American computer scientist

Google It: Total Information Awareness, 2016

People

““One should know,” he wrote, “that jihad is an advantageous and beneficial institution. Mankind derives benefits from its advantages in various ways, just like rain, the advantages of which are imparted upon both plants, animals and men.” Barelvi promised that if Muslims waged jihad, they would receive “the blessings of heaven,” including “timely downpour of rain, abundant vegetation, growth of profits and trade, absence of calamities and pestilences, growth of wealth and presence of men of learning and perfection.””

Syed Ahmad Barelvi (1786–1831) Muslim activist

Rudolph Peters, Islam and Colonialism: The Doctrine of Jihad in Modern History (Mouton Publishers, 1979) 47, Quoted from Spencer, Robert (2018). The history of Jihad: From Muhammad to ISIS.

Men, Way, Learning, Time

“Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses. And, in times of inflation, the rate-of-return concept comes up against the problem of assets undervalued in terms of replacement. Nevertheless, no other financial principle with which I am acquainted serves better than rate of return as an objective aid to business judgment. This principle had governed the thinking of the Finance Committee of General Motors since 1917.”

Alfred P. Sloan (1875–1966) American businessman

Source: My Years with General Motors, 1963, p. 140

Hope, Business, Problem, Thinking

“It is more profitable to be mindful of our own faults than of those of our age.”

John Lancaster Spalding (1840–1916) Catholic bishop

Aphorisms and Reflections (1901)

Age

“And yet in this I desired, as far as I durst, that I might have full sight of Hell and Purgatory. But it was not my meaning to make proof of anything that belongeth to the Faith: for I believed soothfastly that Hell and Purgatory is for the same end that Holy Church teacheth, but my meaning was that I might have seen, for learning in all things that belong to my Faith: whereby I might live the more to God’s worship and to my profit.
But for my desire, I could of this right nought, save as it is aforesaid in the First Shewing, where I saw that the devil is reproved of God and endlessly condemned. In which sight I understood as to all creatures that are of the devil’s condition in this life, and therein end, that there is no more mention made of them afore God and all His Holy than of the devil, — notwithstanding that they be of mankind — whether they be christened or not.”

Julian of Norwich (1342–1416) English theologian and anchoress

The Thirteenth Revelation, Chapter 33

Life, God, Faith, Hell

“A firm may be defined as an institution which buys things, transforms them in some way, and then sells them with the purpose of making a profit. The things a firm buys we shall call "inputs." The things it sells we shall call "outputs." The process whereby the things it buys are transformed into the things it sells we shall call the "process of production." In any process of buying to sell again a process of production is always involved…
A business, therefore, is a process whereby certain inputs, valued in dollars in some way, are transformed into outputs, also valued in dollars in some way.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, Economic Analysis, 1941, p. 377

Way, Business

“In general, when reading a scholarly critic, one profits more from his quotations than from his comments.”

W. H. Auden book The Dyer's Hand

"Reading", p. 9
The Dyer's Hand, and Other Essays (1962)

Reading

“Diverting attention from the way in which certain beliefs, desires, attitudes, or values are the result of particular power relations, then, can be a sophisticated way of contributing to the maintenance of an ideology, and one that will be relatively immune to normal forms of empirical refutation. If I claim (falsely) that all human societies, or all human societies at a certain level of economic development, have a free market in health services, that is a claim that can be demonstrated to be false. On the other hand, if I focus your attention in a very intense way on the various different tariffs and pricing schema that doctors or hospitals or drug companies impose for their products and services, and if I become morally outraged by “excessive” costs some drug companies charge, discussing at great length the relative rates of profit in different sectors of the economy, and pressing the moral claims of patients, it is not at all obvious that anything I say may be straightforwardly “false”; after all, who knows what “excessive” means? However, by proceeding in this way I might well focus your attention on narrow issues of “just” pricing, turning it away from more pressing issues about the acceptance in some societies of the very existence of a free market for drugs and medical services. One can even argue that the more outraged I become about the excessive price, the more I obscure the underlying issue. One way, then, in which a political philosophy can be ideological is by presenting a relatively marginal issue as if it were central and essential.”

Raymond Geuss book Philosophy and Real Politics

Source: Philosophy and Real Politics (2008), p. 54.

Health, Way, Falseness

“Death has been the great leveler/ Of all honour, glory and name./ None can take anything with them/ To their tomb! Death! The sobering fact/ Of all our yearnings and longings!/ “What does it profit a man …”/ If he cannot take any of the things/ To his grave.”

Kuruvilla Pandikattu (1957) Indian philosopher

Death: Live It! p. 32.
Death: Live It! (2005)

Death

“The history of the past fifty years, and longer, indicates that a diversified holding of representative common stocks will prove more profitable over a stretch of years than a bond portfolio, with one important provisio—that the shares must be purchased at reasonable market levels, that is, levels that are reasonable in the light of fairly well-defined standards derived from past experience.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter I, What the Intelligent Investor Can Accomplish, p. 7

History, Light, Past

“The Jews have shown real genius in profiting by politics. This capitalistic people, which was brought into existence by the unscrupulous exploitation of men, has understood how to get the leadership of the Fourth Estate into its own hands; and by acting both on the Right and on the Left it has its apostles in both camps. On the Right the Jew does his best to encourage all the evils there are to such an extent that the man of the people, poor devil, will be exasperated as much as possible— greed of money, unscrupulousness, hard- heartedness, abominable snobbishness. More and more Jews have wormed their way into our upper-class families; and the consequence has been that the ruling class has been alienated from its own people.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

As quoted in A History of National Socialism, Konrad Heiden, Methuen & Company, LTD, London: UK, 1934, p. 58. Speech in April, 1922
1920s

Men, Money, People, Family

“Reclamation. Our country has a well defined policy of reclamation established under statutory authority. This policy should be continued and made a self-sustaining activity administered in a manner that will meet local requirements and bring our and lands into a profitable state of cultivation as fast as there is a market for their products. Legislation is pending based on the report of the Fact Finding Commission for the proper relief of those needing extension of time in which to meet their payments on irrigated land, and for additional amendments and reforms of our reclamation laws, which are all exceedingly important and should be enacted at once.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

Law, Time, Country

“The fact is, growing hemp for industrial purposes would make it a very useful plant. It can be a fiber for clothing, a source of paper, even an alternative fuel. Canada is already using hemp this way. I simply don't see that cannabis grows wild on earth just so humans can eradicate it.
Of course, the work of eradicating marijuana creates jobs within law enforcement. If we made it legal, and taxed it like we do tobacco and alcohol, maybe those law enforcement people could start paying more attention to murders and terrorism. I also think it's time for people to rise up against the prescription drug industry, the biggest opponent of legalization. You have to remember that they don't want anything out there that they can't make a profit from. Marijuana is a weed, and that means you can grow it, essentially free. This doesn't sit well with the pharmaceutical industry, and I think our Food and Drug Administration is nothing but a puppet whose strings the industry pulls.”

Jesse Ventura (1951) American politician and former professional wrestler

Source: Don't Start the Revolution Without Me! (2008), Ch. 10 (p. 190)

People, Alcohol, Law, Food

“Wikipedia is something special. It is like a library or a public park. It is like a temple for the mind. It is a place we can all go to think, to learn, to share our knowledge with others. When I founded Wikipedia, I could have made it into a for-profit company with advertising banners, but I decided to do something different. We’ve worked hard over the years to keep it lean and tight. We fulfill our mission efficiently.”

Jimmy Wales (1966) Wikipedia co-founder and American Internet entrepreneur

Wikimedia donation page https://donate.wikimedia.org/w/index.php?title=Special:LandingPage&country=US&uselang=en&utm_medium=spontaneous&utm_source=fr-redir&utm_campaign=spontaneous&rdfrom=%2F%2Fwikimediafoundation.org%2Fw%2Findex.php%3Ftitle%3DFundraising%26redirect%3Dno.

Knowledge, Thinking, Learning

“By historical standards and given the gloomy corporate profits outlook in an environment of high corporate debt and rising interest rates, the Dow Jones Industrial Average is considerably overvalued at late-2006 levels and should be avoided. I say that, even setting aside the imminent prospect of a collapsed dollar and the recession and hyperinflation that would accompany it.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“This deed shall be begun here, and it shall be worshipful to God and plenteously profitable to His lovers in earth; and ever as we come to Heaven we shall see it in marvellous joy, and it shall last thus in working unto the last Day; and the worship and the bliss of it shall last in Heaven afore God and all His Holy for ever.
Thus was this deed seen and understood in our Lord’s signifying: and the cause why He shewed it is to make us rejoice in Him and in all His works.”

Julian of Norwich (1342–1416) English theologian and anchoress

The Thirteenth Revelation, Chapter 36

God, Lovers, Joy

“The best goal for propaganda analysis is to develop such an understanding of the phenomenon that it will no longer be profitable for people to engage in it.”

Randal Marlin (1938) Canadian academic

Source: Propaganda & The Ethics Of Persuasion (2002), Chapter Eight, Propaganda, Democracy, And the Internet, p. 306

People, Understanding

“The tolerant man has decided opinions, but recognises the process by which he reaches them, and keeps before himself the truth that they can only be profitably spread by repeating in the case of others a similar process to that through which he passed himself. He always keeps in view the hope of spreading his own opinions, but he endeavours to do so by producing conviction. He is virtuous, not because he puts his own opinions out of sight, nor because he thinks that other opinions are as good as his own, but because his opinions are so real to him that he would not anyone else hold them with less reality”

Mandell Creighton (1843–1901) English historian and ecclesiastic

Persecution and Tolerance, Hulsean Lectures, University of Cambridge (Winter 1893–94)

Truth, Hope, Thinking, Reality

“Your Knowledge has Qualified You to make those Reflections on the following Relations, which few can Think, and tis not fit that all should See. How far the Platonic Notions of Demons which were, it may be, much more espoused by those primitive Christians and Scholars that we call The Fathers, than they see countenanced in the ensuing Narratives, are to be allowed by a serious man, your Scriptural Divinity, join'd with Your most Rational Philosphy, will help You to Judge at an uncommon rate. Had I on the Occasion before me handled the Doctrin of Demons, or launced forth into Speculations about magical Mysteries, I might have made some Ostentation, that I have read something and thought a little in my time; but it would neither have been Convenient for me, nor Profitable for those plain Folkes, whose Edification I have all along aimed at. I have therefore here but briefly touch't every thing with an American Pen; a Pen which your Desert likewise has further Entitled You to the utmost Expressions of Respect and Honor from. Though I have no Commission, yet I am sure I shall meet with no Crimination, if I here publickly wish You all manner of Happiness, in the Name of the great Multitudes whom you have laid under everlasting Obligations. Wherefore in the name of the many hundred Sick people, whom your charitable and skilful Hands have most freely dispens'd your no less generous than secret Medicines to; and in the name of Your whole Countrey, which hath long had cause to believe that you will succeed Your Honourable Father and Grandfather in successful Endeavours for our Welfare; I say, In their Name, I now do wish you all the Prosperity of them that love Jerusalem. And whereas it hath been sometimes observed, That the Genius of an Author is commonly Discovered in the Dedicatory Epistle, I shall be content if this Dedicatory Epistle of mine, have now discovered me to be,
(Sir) Your sincere and very humble Servant,
C. Mather.”

Cotton Mather (1663–1728) American religious minister and scientific writer

Love, Happiness, People, Secret

“Money is the measure of all things, and profit the primary goal. For the oppressors, what is worthwhile is to have more--always more--even at the cost of the oppressed having less or having nothing. For them, to be is to have.”

Paulo Freire (1921–1997) educator and philosopher

Pedagogia do oprimido (Pedagogy of the Oppressed) (1968, English trans. 1970)

Money

“By default, we have created a "system" of nursing-home care for the aged in which middle-class people pay exorbitant rates to for-profit nursing-home entrepreneurs - and then when private resources are consumed and the patient qualifies as a pauper, the nursing home begins billing Medicaid. This is precisely the antithesis of social citizenship; instead of the poor being accorded the dignity associated with the middle class, equality of treatment is achieved by making the middle class undergo pauperization.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 6, Welfare, p. 239

People, Age, Home

“The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs are the job-creators because it is they who gather the men and women, the material, the machinery, and the money to turn the vision of a market into a reality.”

Keith Joseph (1918–1994) British barrister and politician

in 1986 introduction to Self-Help, Samuel Smiles originally published in 1859.
1980s

Women, Men, Money, Home

“Free-market fundamentalism trivializes the concern for public interest. It puts fear and insecurity in the hearts of anxiety-ridden workers. It also makes money-driven, poll-obsessed elected officials deferential to corporate goals of profit – often at the cost of the common good. … The free-market fundamentalism that prevails in the United States today promotes the pervasive sleepwalking of the populace. People see that the false prophets are handsomely rewarded — with money, status and access to more power. … We are experiencing the sad gangsterization of America — an unbridled grasp at power, wealth and status.”

Cornel West (1953) African-American philosopher and political/civil rights activist

"Cornel West: Democracy Matters" in The Globalist (24 January 2005) https://web.archive.org/web/20101203073821/http://www.theglobalist.com/StoryId.aspx?StoryId=4262

Money, People, Sadness, Fear

“In my message last year I emphasized the necessity for further legislation with a view to expediting the consolidation of our rail ways into larger systems. The principle of Government control of rates and profits, now thoroughly embedded in our governmental attitude toward natural monopolies such as the railways, at once eliminates the need of competition by small units as a method of rate adjustment. Competition must be preserved as a stimulus to service, but this will exist and can be increased tinder enlarged systems. Consequently the consolidation of the railways into larger units for the purpose of securing the substantial values to the public which will come from larger operation has been the logical conclusion of Congress in its previous enactments, and is also supported by the best opinion in the country. Such consolidation will assure not only a greater element of competition as to service, but it will afford economy in operation, greater stability in railway earnings, and more economical financing. It opens large possibilities of better equalization of rates between different classes of traffic so as to relieve undue burdens upon agricultural products and raw materials generally, which are now not possible without ruin to small units owing to the lack of diversity of traffic. It would also tend to equalize earnings in such fashion as to reduce the importance of section 15A, at which criticism, often misapplied, has been directed. A smaller number of units would offer less difficulties in labor adjustments and would contribute much to the, solution of terminal difficulties.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

Way, Fashion, Support, Nature

“[Central banks might have to intervene to counter "perverse" or "grossly excessive" speculation. ] By such means, the monetary authorities can attempt to make the market for foreign exchange approximate toward what it would have been if there had been free competitive speculation with correct foresight of future movements. In this case all that the authorities have to do is to anticipate more correctly than private speculators the future course of exchange rates. And in so far as they do so they will make a profit at the expense of the private speculator.”

James Meade (1907–1995) British economist

James Meade (1951), The theory of international economic policy, Vol. 1, p. 224; as cited in: Peter B. Kenen (1994), Exchange Rates and the Monetary System, p. 74

Future

“Unlawful revenue which, after being conveniently cleaned, is then reinvested within the legal economy: polluting it, corrupting it, forging it, killing it. Whether it’s reinvested in the London property market, in Parisian restaurants, or in hostels on the; to have profited from the crisis, to have fed on the crisis, to have contributed to the crisis. And it’s in the crisis that it finds its satellite activities, such as usury, gambling, counterfeiting. But the most important – and most alarming – aspect of this issue is that it’s exactly in times of crisis that criminal organisations find their safe haven in banks.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

Time

“Doctors, chess grand masters and football quarterbacks share a trait: the ability to recognize patterns and learn from them. A doctor can connect symptoms to causes and use that to make a diagnosis and offer a prescription. Top quarterbacks and grand masters can sense the shape of unfolding play, and profit from that knowledge.
Great managers are also skilled at pattern recognition. Every industry is reshaped by patterns of strategic change that can dramatically shift profit and power.”

Adrian Slywotzky (1951) American economist

Source: Profit Patterns (1999), p. 2.

Knowledge, Sense, Learning, Change

“The Jew can take the credit for having corrupted the Graeco-Roman world. Previously words were used to express thoughts; he used words to invent the art of disguising thoughts. Lies are his strength, his weapon in the struggle. The Jew is said to be gifted. His only gift is that of juggling with other people's property and swindling each and everyone. Suppose I find by chance a picture that I believe to be a Titian. I tell the owner what I think of it, and I offer him a price. In a similar case, the Jew begins by declaring that the picture is valueless, he buys it for a song and sells it at a profit of 5000 per cent. To persuade people that a thing which has value, has none, and vice versa—that's not a sign of intelligence. They can't even overcome the smallest economic crisis!”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

5 November 1941.
Disputed, Hitler's Table Talks (1941-1944) (published 1953)

People, World, Art, Intelligence

“The investor and the employee are in the same position, but sometimes the employee is more important, because he will be there a long time whereas an investor will often get in and out on a whim in order to make a profit.”

Akio Morita (1921–1999) Japanese businessman

Source: Made in Japan (1986), p. 143.

Time

“The counsel of the dead is not profitable to the living.”

Ursula K. Le Guin (1929–2018) American writer

Source: Earthsea Books, The Farthest Shore (1972), Chapter 5, "Sea Dreams"

Dead

“Critical power…tends to make an intellectual situation of which the creative power can profitably avail itself. It tends to establish an order of ideas, if not absolutely true, yet true by comparison with that which it displaces; to make the best ideas prevail.”

Matthew Arnold (1822–1888) English poet and cultural critic who worked as an inspector of schools

The Functions of Criticism at the Present Time (1864)

Idea

“As to those in the World Trade Center… Well, really. Let's get a grip here, shall we? True enough, they were civilians of a sort. But innocent? Gimme a break. They formed a technocratic corps at the very heart of America's global financial empire – the "mighty engine of profit" to which the military dimension of U. S. policy has always been enslaved – and they did so both willingly and knowingly.”

Ward Churchill (1947) Political activist

Some People Push Back: On the Justice of Roosting Chickens http://www.kersplebedeb.com/mystuff/s11/churchill.html, September 12, 2001

World, Heart

“Only after Southwest Airlines became the most profitable airline in America did United and American challenge their long-held assumptions about how to compete. At worst, laggards follow the path of greatest familiarity. Challengers, on the other hand, follow the path of greatest opportunity, wherever it leads.”

Gary Hamel (1954) American management expert

Source: Competing for the Future, 1996, p. 19

“Early critics pointed out REH’s fundamental epistemological flaws. … They argued that REH, even if viewed as a bold abstraction or approximation, is grossly inadequate for representing how even minimally reasonable profit seeking participants forecast the future in real-world markets. Nevertheless, … an overwhelming majority of economists has embraced REH as the way to represent how rational individuals think about the future.”

Roman Frydman (1948) American economist

"Which Way Forward for Macroeconomics and Policy Analysis?" 2013

World, Way, Thinking, Future

“Compeyson's business was the swindling, hand writing forging, stolen bank-note passing, and such-like. All sorts of traps as Compeyson could set with his head, and keep his own legs out of and get the profits from and let another man in for, was Compeyson's business. He'd no more heart than a iron file he was as cold as death, and he had the head of the Devil afore mentioned.”

Charles Dickens book Great Expectations

Source: Great Expectations (1860-1861), Ch. 42

Death, Business, Heart

“Where such a separation is complete one group of individuals, the security holders and in particular the stockholders, performs the function of risk-takers and suppliers of capital, while a separate group exercises control and ultimate management. In such a case, if profits are to be received only by the security holders, as the traditional logic of property would require, how can they perform both of their traditional economic roles? Are no profits to go to those who exercise control and in whose hands the efficient operation of enterprise ultimately rests? …Furthermore, if all profits are earmarked for the security holder, where is the inducement for those in control to manage the enterprise efficiently? When none of the profits are to be received by them, why should they exert themselves beyond the amount necessary to maintain a reasonably satisfied group of stockholders.”

Adolf A. Berle (1895–1971) American diplomat

1967, p. 303
The Modern Corporation and Private Property. 1932/1967

Exercises

“But the capitalist idea of profitability actually becomes an economic nonsense in the branches of our economy that today rule everything, in the banking and stock-exchange system. The fact of the ruling position of the banks proves most strikingly the economic senselessness of the capitalist idea. With the ‘productions’ of the banks and stock-exchanges never yet has a child been fed, never yet has a freezing person been clothed, in general never has even the smallest requirement that is necessary for life been supplied.”

Gottfried Feder (1883–1941) German economist and politician

Source: The German State on a National and Socialist Foundation (1923), p. 28

Life, Idea, Personality, Clothes

“It's an extremely profitable thing to be 'concerned' about drugs. You don't just have treatment programs, you have law enforcement programs, you have entire industries that could not function but for drugs. Including the prison industry. I think America has gone psychotic … there are human beings—even as we speak—dying, in the kind of shrieking, tormenting pain you couldn't inflict on a P. O. W., because America doesn't want them to be drug addicts.”

Andrew Vachss (1942) American writer and lawyer

Pete Humes' interview Punchline in October 2000.

Pain, Law, Thinking

“To a very high degree the measure of success in battle leadership is the ability to profit by the lessons of battle experience.”

Lucian Truscott (1895–1965) Recipient of the Purple Heart medal

Quoted in Command Missions, A Personal Story, New York, 1954,
ISBN 0-89141-364-2

Success

“… a rather different class of applications of the idea of best allocation of scarce resources… usually referred to as the theory of optimal economic growth. In most studies of this kind made in the countries with market economies there is not an identifiable client to whom the findings are submitted as policy recommendations. Nor is there an obvious choice of objective function, such as cost minimization or profit maximization in the studies addressed to individual enterprises. The field has more of a speculative character. The models studied usually contain only a few highly aggregated variables. One considers alternative objective functions that incorporate or emphasize various strands of ethical, political, or social thought. These objectives are then tried out to see what future paths of the economy they imply under equally simplified assumptions of technology or resource availability.”

Tjalling Koopmans (1910–1985) Dutch American economist

Source: Concepts of Optimality and Their Uses, 1975, p. 244

Idea, Optimism, Study, Future

“I believe it has been a received opinion, that I was so very fond of the emoluments of the Quarter master's office, that nothing but absolute necessity would induce me to quit it, I will not deny but that the profits are flattering to my fortune, but not less humbling to my military pride; and he who has entertained such sentiments is a stranger to my feelings. While I had a prospect of pleasing your Excellency, the army, and the Congress, the service was agreeable; but if a combination of circumstances changes these prospects, nothing shall induce me to continue in the business, even if the profits were made five times as large as they are.”

Nathanael Greene (1742–1786) American general in the American Revolutionary War

Letter to George Washington (24 April 1779)

Feeling, Business, Change, Time

“Various expedients have been tried in the past for bringing together capital and labour to the greatest advantage of the community at large. Western countries such as Germany, Denmark, England have found out by experience that the best method of doing this is by a co-operation of the workers for purposes of mutual benefit. This idea of co-operation is based on the great principle of self-help and combination Self-help and combination for mutual benefit are, in fact, essential for our advancement as a community and Co-operative Societies bring these two forces together for our economic advantage, a thing which the most ignorant person can understand, work for and profit by.”

Krishna Raja Wadiyar IV (1884–1940) King of Mysore

Spoke on the occasion of the Economic Conference held during Dussera festival 1911 which brought wide awareness of the people on the effectiveness of Cooperative Societies. Modern_Mysore, Dr. B. R. Ambedkar Open University, 26 November 2013, archive.org, 206-07 http://archive.org/stream/modernmysore035292mbp/modernmysore035292mbp_djvu.txt, As ruler of the state

Communication, Idea, Understanding, Past

“The best plan is, as the common proverb has it, to profit by the folly of others.”

Pliny the Elder book Natural History

Book XVIII, sec. 31.
Naturalis Historia

““You’re not corporate,” she said definitely. “Corporates don’t do this stuff. Not like this.”
“The corporates do whatever turns a profit. Don’t let your prejudices blind you. Sure, they’ll burn down entire villages if it pays. But if having a human face is what cuts it, they’ll whip out a human face and put it on.””

Richard K. Morgan book Altered Carbon

Source: Altered Carbon (2002), Chapter 30 (p. 377)

“Christianity doesn't come into it. George Bush and Tony Blair are not Christians. Religious people believe in the prophets, peace be upon them. Bush believes in the profits and how to get a piece of them. So don't ever confuse this with a war of civilizations.”

George Galloway (1954) British politician, broadcaster, and writer

Interview with George Stroumboulopoulos of the CBC's The Hour, November 20, 2006

War, People, Peace

“They would take our drugs and money, as they pick our pockets
I guess that's the privilege of policing for some profit.”

Killer Mike (1975) Rapper and occasional actor from Atlanta, Georgia

Song lyrics, R.A.P. Music (2012)

Money

“The recent spate of disasters has translated into such spectacular profits that many people around the world have come to the same conclusion: the rich and powerful must be deliberately causing the catastrophes so that they can exploit them.”

Naomi Klein (1970) Canadian author and activist

The Shock Doctrine: The Rise of Disaster Capitalism (2007)

People, World

“My hearers, this discourse has not wandered out into the world to look for conflict, it has not tried to get the better of anybody, it has not even tried to uphold anybody, as though there was battle without. It has spoken to you; not by way of explaining anything to you, but trying to speak secretly with you about your relationship to that secret wisdom mentioned in our text. Oh that nothing may upset you in respect to this, “neither life nor death nor things present nor things to come nor any other creature” (Romans 8:38) –not this discourse, which, though it may have profited you nothing, yet has striven for what after all is the first and the last, to help you have what the Scripture calls “faith in yourself before God” (Romans 14:22).”

Sören Kierkegaard (1813–1855) Danish philosopher and theologian, founder of Existentialism

Source: 1840s, Sermon Preached at Trinitatis Kirke, 1844, P. 173

Life, Death, Wisdom, God

“If you are well-to-do and can maintain your household, love your wife in your home according to good custom…Make her happy while you are alive, for she is land profitable to her lord.”

Ptahhotep Ancient Egyptian vizier

Maxim no. 21.
The Maxims of Ptahhotep (c. 2350 BC)

Love, Happiness, Home

“This Vision was shewed me, according to mine understanding, that it is speedful to some souls to feel on this wise: sometime to be in comfort, and sometime to fail and to be left to themselves. God willeth that we know that He keepeth us even alike secure in woe and in weal. And for profit of man’s soul, a man is sometime left to himself; although sin is not always the cause: for in this time I sinned not wherefore I should be left to myself — for it was so sudden. Also I deserved not to have this blessed feeling. But freely our Lord giveth when He will; and suffereth us in woe sometime. And both is one love.”

Julian of Norwich (1342–1416) English theologian and anchoress

The Seventh Revelation, Chapter 15

Love, God, Feeling, Soul

“If we do not learn to regard a war, and the separate campaigns of which it is composed, as a chain of linked engagements each leading to the next, but instead succumb to the idea that the capture of certain geographical points or the seizure of undefended provinces are of value in themselves, we are liable to regard them as windfall profits. In so doing, and in ignoring the fact that they are links in a continuous chain of events, we also ignore the possibility that their possession may later lead to definite disadvantages.”

Carl von Clausewitz book On War

On War (1832), Book 3

War, Idea, Learning

“The pursuits of commerce would be as admirable as they are profitable if they were not subject to so great risks: and so, likewise, of banking, if it was always honestly conducted. For our ancestors considered, and so ordained in their laws, that, while the thief should be cast in double damages, the usurer should make four-fold restitution.”

Cato the Elder book De Agri Cultura

Introduction: of the dignity of the farmer
De Agri Cultura, about 160 BC

Law

“A man who works for another is not going to be paid any more than he is worth; you can bet on that. A man ought to get what he can earn. Don't make any difference whether it's running a farm, running a bank or running a show; a man who knows he's making money for other people ought to get some of the profits he brings in. It's business, I tell you. There ain't no sentiment to it. Forget that stuff.”

Babe Ruth (1895–1948) American baseball player

Responding to a reporter asking whether or not he believed that other players merited salaries comparable to his own (i.e. $52,000 a year, as per Ruth's newly signed 1922 contract), as quoted in "Have to Get More of 'Em,' Says Babe Ruth When He Hears of the Income Tax," in The St. Louis Post-Dispatch (March 10, 1922)

Money, People, Business, Forgetting

“The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.”

Joan Robinson (1903–1983) English economist

Introduction, p. vii
Economic Heresies (1971)

Support, Universe

“Flour shipped from the Mississippi River to Havana can pass by the very entrance to the city on its way to a port in Spain, there pay a duty fixed upon articles to be reexported, transferred to a Spanish vessel and brought back almost to the point of starting, paying a second duty, and still leave a profit over what would be received by direct shipment. All that is produced in Cuba could be produced in Santo Domingo. Being a part of the United States, commerce between the island and mainland would be free. There would be no export duties on her shipments nor import duties on those coming here.”

Ulysses S. Grant (1822–1885) 18th President of the United States

1870s, Eighth State of the Union Address (1876)

Way, Parting

“Protocols:
Number 3, para. 5
All people are chained to heavy toil by poverty more firmly than ever they were chained by slavery and serfdom; from these, one way and another, they might free themselves, these could be settled with, but from want they will never get away. We have included in the constitution such rights as to the masses appear fictitious and not actual rights. All these so-called “People’s Rights” can exist only in idea, an idea which can never be realized in practical life. What is it to the proletariat laborer, bowed double over his heavy toil, crushed by his lot in life, if talkers get the right to babble, if journalists get the right to scribble nonsense side by side with good stuff, once the proletariat has no other profit out of the constitution save only those pitiful crumbs which we fling them from out table in return for their voting in favor of what we dictate, in favor of the men we place in power, the servants of our agenteur…. Republican Rights for a poor man are no more than a bitter piece of irony.
Graves: Aha!…A very obvious cop, almost word for word and a careful insertion of modern language such as “People’s Rights” and “Republican Rights.””

Will Eisner (1917–2005) American cartoonist

Source: The Plot: The Secret Story of the Protocols of the Elders of Zion (10/2/2005), p.77

Life, Men, People, Way

“The social product grows from year to year. Who is now the true creator of this surplus value which grows wildly and beyond any measure? Who can afford to figure out the profit yielded causally adequate by this immense wealth and the series of economic miracles? In concrete terms: who is the legitimate distributor of the social product and who actually assesses the shares in practical life? As long as the issue is about value, all such questions must above all be formulated as economic questions.”

Carl Schmitt (1888–1985) German jurist, political theorist and professor of law

"The Tyranny of Values" (1967)

Life, Question, Wealth

“To gain control over this resource, and have probably military bases there, is a tremendous achievement for world control. You read counter-arguments to this, and they're worth looking at. So it's argued that it can't be true, because the costs of reconstruction are going to be greater than the profits that will be made. Well, maybe that's true, maybe it isn't, but it's totally irrelevant. And the reason is because the costs of reconstruction are going to be paid by the taxpayer, by you, and the profits are going to go right into the pockets of the energy corporations. So yeah, it doesn't matter how they balance out, it's just another taxpayer subsidy to the rich.”

Noam Chomsky (1928) american linguist, philosopher and activist

KGNU benefit at the University of Colorado at Boulder, April 5, 2003 http://www.freespeech.org/fscm2/contentviewer.php?content_id=418 Quotes 2000s, 2003

World, Reading

“The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

1930s, First Inaugural Address (1933)

Money, Truth

“The dominant notion of rationality is a capitalist notion of rationality, that is, whatever is profitable, whatever can be organised in terms of social control of labour-power and control of natural resources.”

David Harvey (1935) British anthropologist

(January 1984) " The history and present condition of Geography: an historical materialist manifesto https://www.youtube.com/watch?v=rDoIMT-Dbyo," YouTube video, 1:10:15, posted by "IGU Channel," May 7, 2014.

Nature

“The bourgeoisie first betrayed society through capitalism and finance, and now labor betrays it by embracing a scheme of things which sees profit only, not duty and honor, in work. This view will seem hopelessly unrealistic to those who do not admit that sentiment toward the whole is the only ultimate means of measuring value.”

Richard M. Weaver (1910–1963) American scholar

Source: Ideas have Consequences (1948), p. 75.

“The paralysis you feel right now – the impotent helplessness that washes over you as news of another mass slaughter scrolls across the television screen – isn’t real. It's a fiction created and methodically cultivated by the gun lobby, designed to assure that no laws are passed to make America safer, because those laws would cut into their profits…As my colleagues go to sleep tonight, they need to think about whether the political support of the gun industry is worth the blood that flows endlessly onto the floors of American churches, elementary schools, movie theaters, and city streets. Ask yourself – how can you claim that you respect human life while choosing fealty to weapons-makers over support for measures favored by the vast majority of your constituents?”

Chris Murphy (1973) American politician

Statement on the shootings in Sutherland Springs, TX http://www.businessinsider.com/chris-murphy-texas-church-shooting-sutherland-springs-2017-11 (November 5, 2017)

Life, School, Law, Feeling

“Multi-unit business enterprise replaced small traditional enterprise when administrative coordination permitted greater productivity, lower costs, and higher profits than coordination by market mechanisms.”

Alfred D. Chandler, Jr. (1918–2007) American historian

Source: The Visible Hand (1977), p. 6.

Business

“The essential feature of a capitalist world-economy… is production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.”

Immanuel Wallerstein (1930–2019) economic historian

Wallerstein (1979) The Capitalist World-Economy. p. 15.

Men, World, Way

“The case for dumping iPhone, or at least threatening to do so in order to renegotiate Apple's subsidy requirement away, seems pretty open and shut. Apple has things all its own way right now — skimming the lion's share of the profits off the carriers' business without having to shoulder their risks. But this is an unstable situation, because the carriers' investors won't tolerate it indefinitely. What happens when they revolt?”

Eric S. Raymond (1957) American computer programmer, author, and advocate for the open source movement

The Smartphone Wars: The market share scramble and Apple’s long con http://esr.ibiblio.org/?p=4128 in Armed and Dangerous (8 February 2012)

Way, Business

“When the international prices rise, we expect the government to cut its share of profit and its revenue earnings and share the burden of the increase with the common man.”

Arun Jaitley (1952–2019) Indian politician

Responding to fuel price raise by the UPA government, as quoted in " India announces fuel price rise http://news.bbc.co.uk/2/hi/south_asia/4219582.stm", BBC News (6 September 2005)

“When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter IX

Nature

“All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.”

Michael Lewis book The Big Short

Epilogue, Everything Is Correlated, p. 258
The Big Short (2010)

People

Quotes about profit page 3

Quotes about profit
page 3