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Atlas Video: The Morality of Profit
May 17, 2011
For your consideration, the Atlas Network -- an organization connecting and assisting free-market groups on an international scale -- has produced The Morality of Profit. The video features Executive Vice President Tom Palmer asking whether profits are stolen from other people or are created through value generation. Centering on Bill Gates, we are asked if the concept of “giving back” is accurate after making voluntary transactions that are beneficial to both parties. People paid a few hundred dollars for a product that greatly increased connectivity, accuracy, and efficiency.
Amidst a continuing recession (or at least continuing unemployment and problems with liquidity), the government continues to ask business leaders for more tax revenue and slices of economic freedom for status quo results. Most recently, CEOs from top oil companies were questioned by the Senate Finance Committee on their finances. Little was said about the 1.5 million people employed by the petroleum industry or how narrow the profit margin is in the oil business. Tax dollar-hungry Senators like Jay Rockefeller of West Virginia said the leaders and to a degree their companies are out of touch with regular Americans and, seemingly as a result, they ought to give more money to a system literally out of cash.
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