QuoteProject
The trouble with the profit system has always been that it was highly unprofitable to most people.
E. B. White
ShareWTF𝕏

Interpretation

What this quote means

The profit system primarily benefits a small number of individuals while disadvantaging the majority.

E. B. White's quote highlights a fundamental issue with the profit system, suggesting that while it generates wealth, it tends to disproportionately favor those at the top, leaving many people experiencing unprofitability. This reflects the systemic inequalities and challenges that arise within economic structures where profits are prioritized over equitable distribution of resources and opportunities.

Themes

ProfitSystemEconomicsInequalityOpportunity

In practice

Example use cases

Discussing economic policies during a community meeting.

More from E. B. White

It is by all odds the loftiest of cities. It even managed to reach the highest point in the sky at the lowest moment of the depression.
E. B. WhiteRead
It isn't silence you can cut with a knife any more, it's interchange of ideas. Intelligent discussion of practically everything is what is breaking up modern marriage.
E. B. WhiteRead
The main thing I try to do is write as clearly as I can. Because I have the greatest respect for the reader, and if he's going to the trouble of reading what I've written -- I'm a slow reader myself and I guess most people are -- why, the least I can do is make it as easy as possible for him to find out what I'm trying to say, trying to get at. I rewrite a good deal to make it clear.
E. B. WhiteRead
A good farmer is nothing more nor less than a handy man with a sense of humus.
E. B. WhiteRead
A despot doesn't fear eloquent writers preaching freedom- he fears a drunken poet who may crack a joke that will take hold.
E. B. WhiteRead
All writing is communication; creative writing is communication through revelation-it is the Self-escaping into the open.
E. B. WhiteRead

Similar quotes

The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
Alexander HamiltonRead
Obama had to save the banks, sure, but he didn't have to save the bankers and the shareholders and the bondholders. We broke the rules of capitalism in order to save those at the top - as we always do.
Joseph StiglitzRead
When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses?
Edmund PhelpsRead
The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.
Milton FriedmanRead
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Warren BuffettRead
If a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution.
Henry PaulsonRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.