What's wrong with maximizing profits?
“The workers get wages that they value at least as much as the leisure
time they are giving up to work” During my forty one years of
full time employment, I never ever thought of work as an exchange of
“leisure time” for wages. I will not struggle to come up with a
better definition of the above relationship. The exchange of wages for leisure
time involves much more than that. Mr. Phillips is well aware of that and he
has only a limited amount news space to develop his main subject.The
sale of quality goods and services by “greedy” persons on a level
playing field is fine. But some of the greed out in this big world involves
just “churning” the EXISTING wealth. These folks do not create any
additional wealth in society, they just create a situation where some of that
existing wealth ends up in their portfolio. Greed does apply to these folks,
but is not really the best word for those who sell quality goods and services.