The pursuit of profit often conflicted with the public good from "summary" of The affluent society by J.K. Galbraith
In the modern industrial society, the pursuit of profit is the primary goal of businesses. Companies strive to maximize their earnings and increase their wealth, often at the expense of other considerations. This focus on profit can lead to actions that are not in the best interest of the public good. For example, businesses may cut corners on safety regulations in order to save money and maximize profits. This can result in dangerous working conditions for employees and unsafe products for consumers. The pursuit of profit can also lead to harmful environmental practices, as companies prioritize their financial bottom line over the well-being of the planet. One of the main reasons for this conflict between profit and the public good is that the marketplace does not always account for externalities. In other words, the true cost of certain actions, such as pollution or worker exploitation, is not reflected i...
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