Links: Question 6 Elgin’s Answer Joel’s Answer Elgin Hushbeck – Question 6 – Reply 1 (Profit) Content: (Note: Content corrected an updated 7/30/13, because the editor posted the wrong content.) 1) You say profits must be kept low. But terms like “low” and “high” are relative terms, and frankly very subjective. What is low or…
Links: Question 6 Elgin’s Answer Joel’s Answer Joel Watts – Question 6 – Reply 1 (Profit) Content: 1.) You quote Scripture regarding pay. Are profit and the pay the same thing? Well, there are clearly some differences; otherwise we would not have separate words. But at their core they are basically the same in that…
Links: Question 6 Elgin Hushbeck – Question 6 (Profit) – Answer For we do not aim to be rich merely for our own sakes, but for the sake of our children, our neighbors, friends and most of all, for our community. For the private fortunes of individuals are the wealth of the state. (Cicero, De…
Links: Question 6 Joel Watts – Question 6 (Profit) – Answer What is the value of profit as a motive for action in the marketplace and competition as a regulating force? Do you trust profit making organizations more than non-profit? Under what circumstances? While profit and the profit motive are often maligned they are the…