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Thread: The Power of Profit (Walter Williams)

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  1. #1
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    Default The Power of Profit (Walter Williams)

    Did you ever wonder why anything gets anywhere? How potatoes from Idaho, for example, end up in a supermarket in NYC? Acclaimed economist, Walter Williams, explains why it all depends on one thing -- profit.
    http://www.breitbart.com/Breitbart-T...alter-Williams

  2. #2
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    What's next -- "Have you ever wondered how leaves reach the ground? One thing explains it all -- gravity."

  3. #3
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    Apparently, judging by your regular contributions, you have failed to grasp the concept of profit, why it is needed, and how it makes other things possible.

    Another impression, maybe something will stick.

  4. #4
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    Quote Originally Posted by grggngll View Post
    Apparently, judging by your regular contributions, you have failed to grasp the concept of profit, why it is needed, and how it makes other things possible.

    Another impression, maybe something will stick.
    Why am I not surprised that your concept of profit involves the absurd idea that it occurs in a vacuum and that ANY societal obligation is attempted theft.

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