Companies that make a profit do this by charging more than the cost of the resources and time to produce the product/service. In our society, this crime is called profiteering. I believe all forms of profit are profiteering. Making profits on food, water, housing and land should be a criminal offense. It makes life more expensive for everyone, even the people who are making the profit in the first place. Poor people have to work harder to keep up with debt, whereas wealthy people's working lives will barely change at all. It's an inherent unfairness in our society that needs to be either completely removed or regulated. I hope one day this will be the case.
It is interesting how people in the "NO" section write that it is in principle possible to keep your own morals and that it's everyone's personal business, and it just has nothing to do with whether the society is profit-driven or not. But the truth is, the question is not about whether some people are able to stay sane and decent. In reality the main principles which govern the society inevitably have a major impact on how people behave, and denying it means being either blind or cunning.
Besides, there are other values in life much more precious than material profit, so it is in fact more natural to be inclined to prefer friendship and respect to the insanity of perpetual drive to void wealth.
Our current profit driven corporate structure is driven by a need to provide profits at any social cost for the benefit of shareholders or in some cases unbelievably these corporations are owned by individuals. Someone needs to control the greedy pigs at the top that gouge whatever they can for profit. Consumers behave in a similar way and as a result our complete social structure revolves around material gains at any expense. Consumers do have a choice however not forgetting that we are all subjected to corporate advertising that shapes our perceptions and beliefs. Onward to governance. Too many believe that small government is better... however as I pointed out above society and corporations are driven by similar financial needs without moral guidance. There is no care for the impact our demands are placing on the planet. The corporate pigs at the top (our moral leaders) are interested in nothing more than maximizing the size of their pockets. The is absolutely need for more governance and a greater need for moral guidance from the top. Someone needs to govern the GREEDY PIGS AT THE TOP that provide moral guidance and inspiration to society.
I think profit-driven societies encourage people to put money, recognition and fortune above anything else. The person might have morals and be a typically "good" person, but knowing that they must perform a certain way for a job or to reach a goal might make them push their personal morals out of the way to accomplish what they need. People should be rewarded for doing the right thing or considering others, instead of doing something just for money.
This whole country, and the whole idea of a free society, is based on a profit-driven economy. That's what makes America, America. But, then again, I also feel that this country is probably one of the most greedy nations on earth, when it comes to wealth and gaining wealth. So, I basically think that people do not lack morals but, at the same time, I feel that they put those morals aside for the purpose of wealth and greed.
Unfortunately, many societies that are profit-driven lack morals. Too many rich people in powerful positions seem to share the belief that in order for them to get richer, someone else needs to become poorer, and has to have economic resources taken away from them. One example of this greed that many profit driven people display is the current tax system in the United States, which favors people that are rich so disproportionately.
If you take away the rewards of productive labor or capital risk, you take away the benefits that accrue to society in jobs and wealth creation. Being jealous of people who reap the rewards of their efforts doesn't justify labeling it "greed" and robbing them. THAT's immoral.
In a world where everyone is in pursuit of money, people tend to sacrifice the morals of that society in order to get the next dollar. In a perfect society, there would be no need for profit, because everyone would have what they need. Greed tends to rise when there is a chance for profit. And with that greed comes a disregard for the welfare of others. The haves then take advantage of the have-nots.
Of course profit driven societies lack morals. Look at the United States. Money is power and power creates friction amongst the moral. You can't gain money without doing something illegal more than 75% of the time. Its sad but its true.
Honest people don't make big money. There is no denying it, so a society driven by high profit margins cannot possibly be a moral one. The love of money and the striving for material wealth are in direct opposition to morality because people with high moral standards have very different priorities; money not being one of them. Spirituality, family, citizenship and other priorities similar to these are the hallmark of a moral society--not the constant pursuit of money. Therefore, a profit driven society cannot be a moral society in general.
Profit driven societies lack morals because businesses won't mind to tread the moral Grey area to make a profit as opposed to doing the right thing and making less of a profit. Profit driven societies are often than not micromanaged from the top to the bottom with emphasis on making money at all costs. When money is placed above corporate responsibility, a schism in society occurs pitting the rich and powerful against the poor and helpless.
Profit-driven societies lack morals in that they promote the acquisition of money while excluding the importance of doing what is morally right. Individuals participating in profit-driven societies often find themselves in a position that requires abandoning morality for the sake of making the funds necessary to survive for themselves and their loved ones.
I believe the greed and skirting the law on some financial issues over the past several years is immoral. Not only that, it helped to get our country in the mess that it is in today. It is unthinkable to think that these executives should be rewarded for bad behavior. It sickens me even more to see their arrogance in awarding more bonuses after the taxpayers bailed them out! Part of the immorality of it is that people like me who are living on a small pension and Social Security and barely making it from month to month are the ones who are paying to keep these people in the style to which they have become accustomed while all of the ordinary people in this country are suffering.
.the pharmaceutical industry is and has been for years the most profitable of all businesses in the U.S. In the annual fortune 500 survey, the pharmaceutical industry topped the list of the most profitable industries, with a return of 17% on revenue. Here is the problem: if the cure for a disease or illness is found, which is more profitable? To release the cure to the public or to profit from the products that keep the symptoms of the disease or illness at bay? scenario # 2 oil and automobiles what is more profitable? A vehicle that does not need to be serviced regularly and runs on a renewable resource or a cheap car that is made with inferior materials that will need to be replaced at predictable rate and runs on a fuel that is very expensive and will eventually run out? The truth is that there is no way for the world to know peace if everyone is seeking self-salvation. The generally accepted idea is that evil is executed by sociopaths and fanatics but generally evil is executed by ordinary people seeking the acceptance of the morally wounded society around them. Our complete lack of interest in the inner workings of our society, economy, and political system have allowed this chaotic and ignorant state. For those that know the truth, your silence allows evil to prosper.
In Adam Smith's "Wealth of Nations" he states that Capitalism is "Profit Driven" and pursues the Capitalist's "Self-Interest". It's that "Self-interest" which Marx pointed out exploited the "Worker" whose only means of gaining Capital was through his own "Labor Power". Despite the weaknesses of each theory, "Self-Interest" is rarely moral.
Capitalism will always reduce every thing and every one to a one-dimensional value that, to exacerbate confusion, conflates need and greed as if by genocidal design. Thus the poor are always stripped of need while the rich take in greed. In a one-dimensional metric, you see, all is reduced to an ordered list from "worthy" to "repugnant". There must be a top and a bottom, a winner and a loser.
Mankind will self-destruct if continues to refuse the only rational future left: a decentralized, leaderless and multi-dimensional free market that finally includes all the other neglected social values that can be polled continuously online in the same way as Youtube admits the power of user vote to more fairly deduce what is most socially relevant and needed.
Since the internet age, rumors have been spreading of a leaderless but ordered society beyond the power-obsessed rhetoric. Embrace what you already know.
The desire for increased profits hurts workers and entire communities. They result in callous loss of life and limb. They are a major factor in air, land and water pollution. They sell unsafe products at great risk to public health and fight litigation of any kind. They pay politicians to to make enforcement next to impossible. Corporations claim Bankruptcy to cheat workers out of hard earned pensions. They control politicians and the ability to have a voice in society.
For corporations (legal person), it is all about maximizing profit. You can do it using mass-advertising (I hate youtube ads), minimizing costs (cheap employees and externalizing costs) and selling many products (waste of natural resources) with short life-cycle (planned obsolescence). I recommend watching "The Story of Stuff" and "The Corporation".
While people use the terms of money and income, what I feel is that there can never be something for nothing. How can expecting greater value for your work? If a street artist spends 3 hours on a painting how is it immoral to expect to pay a large sum for this painting? Is the artist immoral because he wishes to be compensated for his talent and work?
The answer is no! Besides what is he/she asking for? Dollars, Rupees, Pesos? No matter the currency its still money. What if he was asking for chickens or wood, toothpaste? Is is still a value on his/her product and can be considered a form of exchange hence, profit.
I believe that a profit-driven society operates separately of, but not in competition with, morals. Morals are a personal choice/belief that is inherent in people, regardless of the economic structure of the society in which they live.
All societies have some sort of moral code. What is considered moral can radically differ between societies, but morals do still exist. Therefore, they do also exist in a profit-driven society. Furthermore, it can not be argued that societies that are not driven on profit are somehow more moral, as regimes, such as Stalinist Russia and Maoist China, committed mass murders, which are, in practically any society, considered immoral.
The U.S. is a profit-driven society, but we pass part of what we make in services or money to other countries in need. Many associations, such as Mothers Without Borders and Doctors Without Borders, are people who make a profit from their job, but pass free care and love onto other countries.
What is immoral is to attempt to cheat someone or to profit at their expense while giving much less value in return. There is nothing immoral about exchanging your time, expertise or property for money or other values.
Immorality is seen in all forms of societies, whether driven by profit or not. Self-interest is inherent to human nature, perhaps even necessary for its survival, and will appear wherever there are people gathered in societies. Enlightened self-interest, no matter what the economic system of a given society, allows people to impose morality on their economic structure.
In most societies, businesses and other functional aspects of society are profit-driven. It's a fact of life that profit is necessary for a society to prosper and for its citizens to succeed, so as long as a profit-driven society operates within moral means, it's not morally wrong to be profit-driven and goal-oriented.
Morals and the lack thereof is not something that can be addressed in large general categories. Each person in this world is responsible for their own moral compass and keeping to their own set of morals. America is a very profit-driven society but there are individuals that have integrity beyond belief as well as those with questionable practices.
All profit is good, All. If there was no profit from a behavior, the human animal would not engage in the behavior. The problem starts when the profit is not used to build the human condition collectively, and there becomes suffering.
Profit gains can be achieved morally and ethically, as long as the profits and morals are both a priority. Monetary gain does not mean a person has left their moral standing behind. Profit driven societies usually fair better morally than societies where there income is limited. When there is adequate money for the majority of people, there is less crime.
Although there are a some people in general who are profit-driven and lack morals but not all. With the desire to succeed in the world today there are many demons that may persuade people to be immoral. However, that does not mean that every single society that is profit-driven is immoral. It is my opinion that the United States in all honesty does have morals. If not there would be no outreach when disaster strikes, there would be no kindness and there would be no hope. The little things that go on in America, especially in times on turmoil, prove to me that not all profit-driven societies lack morals.
Profit-driven societies do not lack morals because that question implies that wanting to make a profit is somehow immoral. Having morals and wanting to turn a profit are two separate things that do not go hand-in-hand. There are many companies that make large profits. However, they also give back to communities as well as to their employees who help them turn that profit. One could argue that those two actions are moral.
It is not wrong to better your life by earning profits. People who run businesses and earn profits do much to help society. They employ people who in turn buy products with their wages. Research and development brings new medicines and safer foods to us. Cures for diseases are sought by profit-driven businesses. Hospitals are equipped with better procedures and machines because profit-making businesses invented them.
Profit-driven societies are not immoral. Some individuals in a profit-driven society may lack morals, but the society as a whole can not be labeled as immoral. Many individuals and corporations within the society can be generous, ethical people. The ability to understand and act upon right and wrong are not solely determined by the society's drive to make money more by what is done with the money once it is made.
Money has been an integral part of society since the very beginning of documented history. All societies are profit-driven to some degree or another. Being a "productive member of society" essentially just means providing some kind of service for money. So every individual who has a job is driven by profit, and this is good for society on the whole. Profit is just practical. Morals really don't have anything to do with it.
Profit driven societies encourage innovation and excellence. Profit enables individuals and companies to use the resources they accumulate to pursue philanthropic ventures. Human beings are motivated by profit, feelings of success and acclaim. The United states has prospered because of the fundamental belief of a democracy. The freedom to pursue profit.