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Date: 2024-06-17 Page is: DBtxt003.php L0300-Profit

Sustainability is impossible as long as the dominant goal is maximizing profit

Why is profit the dominant metric of performance?
I suppose the answer is that this is some sort of historic accident associated with the reality that almost everything in history has been controlled more or less by the rich elite, and in this environment it is no surprise that profit and the growth of wealth became one of the most used metric and therefore the most adopted by the media. Up to the present time the metrics of profit, stock market wealth and GDP growth are reported on many times every day by the media reporting on economic performance. There are no equivalent metrics ... that is no metrics as powerful ... that report on the progress and performance of society and the degradation of the environment, though these issues are just as important as the growth of financial wealth.
The image on the left suggests how complex the socio-enviro-economic system is, and the idea that this complex system can be managed using profit as the main metric is, frankly, insane. Something very different is needed that is simple without being simplistic, and does not cost too much to use.
Profit and security at the London Olympics
G4S' failure to meet its Olympics contract is about profits rather than a lack of recruits.
Open file 2669
Corporate Profits / Exxon Mobil / reported July 2012
Exxon Mobil reported a quarterly profit of nearly $16 billion Thursday -- the highest ever for a U.S. corporation.
The number beat out the previous quarterly record of $14.83 billion set in the third quarter of 2008, also by Exxon.
Open file 3564
Book ... Profit Pathology and other indecencies
Interview with progressive author and scholar Michael Parenti about his latest book on capitalism, austerity, and popular resistance with the title 'Profit Pathology and Other Indecencies'.
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