Why does the market exist, according to you?
E.Warren - Minimum wage would be ~22 if it kept up with productivity
- Thread starter radio rahiem
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Why does the market exist, according to you?
That would be none, but the workforce is the means to the end- profit.
Nope, just facts. Companies are started to make money- you don't employ people who don't help make that happen.
The market exists as a result of numerous transactions between consumers, producers, and retailers. I probably didn't answer this question though...Could you rephrase it? Thanks.
You're right, I was asking for a justification as opposed to a causal history. Sorry for the vagueness.
Companies exist to provide goods and/or services you nitwit. Profit is the reward for performing well. What you're thinking of is a Ponzi scheme.
Starting a business to make money = a Ponzi scheme?...You're not serious.
Edit:
I'm still not clear...Do you want benefits of the market? If so: Built in price control of goods and services, rewarding of efficiency/punishing of inefficiency, rewarding of responsiveness to customers...I'm sure I'm leaving stuff out. Is that what you're looking for?
Starting a business to make money = a Ponzi scheme?...You're not serious.
Yes, if you're not providing goods and/or services. That's the purpose of a business.
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Goods and services are a means to the end, Liggy. Profit is the end. Profit is the why. Goods and services is the how. Not the other way around.
You're a fool if you think the maker of, oh I don't know, the chair you're sitting in did it for any other reason than profit. It was created because there was something to be gained. If not, why did it cost a cent more than it was to make?
Can you name one legitimate business that does not provide a good and/or service?
This is the last time. No because providing goods and services is how businesses achieve their goal (hint: it's profit).
Field Marshall Bradley
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I totally understand what you're saying when you stress that profit is the main objective of corporations, however, don't most corporations have some type of social responsibility or obligations to the community that they have written in their charter....
My point is, the workforce and the consumer(the people) or the main catalyst for all corporations and in essence, if unified, we can dictate their hiring practices and how they do business....
This is the last time. No because providing goods and services is how businesses achieve their goal (hint: it's profit).
You're confusing motivation and incentive with purpose. The Bayer Corporation's purpose is to make pharmaceuticals and other chemicals. Through providing those goods and services they make money. To make money they must have and fulfill a purpose. Otherwise you just have a Ponzi Scheme.
I honestly am not familiar with corporate charters or anything like that. And I don't feel like corporations owe me anything. We as a society should regulate corporations when necessary- and that's the point where we disagree. There are times when you see government involvement as necessary, and I probably wont.
You're talking about corporate social responsibility and there are debates about whether a corporation whose sole goal is to maximize profit of the shareholders is the proper tool to bring about social objectives. Dodge's CEO once tried to invest more of the company's money into new technologies in order to create more fuel efficient vehicles and so that he could hire more people as well and be a benefit to the community. The shareholders didn't like it and filed a derivative suit against the board and it was ruled that maximizing profit was the main objective and one could not limit that at the expense of profit outside of shareholder approval.
So you're reading far too much into those charters. A corporation's goal is to make money, everything else is ancillary by a considerable margin.