Earning profits isn’t bad; non-profits aren’t saintly

One of the most common of all protest signs — not just at Occupy Wall Street, but going back for many years — is that we should “put people before profits.” In this column, Walter Williams argues that there is nothing harmful in earning profits. Quite to the contrary, the quest for profit has enormously beneficial consequences. Nor is there anything saintly about non-profit organizations, which often pursue harmful ends behind a self-righteous cloud of moral superiority.

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