: I just spent some profits the other day. Hired someone and bought a computer. I need profits if i don't I go out of business. I'd say that is a legitimate need.
Yes, thats why we marxist types use rate of profit as the accurate measure of business success.
£1million profits is a lot, when you spent £1 million to get it.
But £1million sucks when you spent £10million to get it.
Real *profit* is that which is not required for re-investment, which iss surplus, and which can be given out to shareholders.
: Also profits are symptom of a successful business. If you have no profits your business is not efficient. for example gov't. Can you name one efficient gov't run business?
Why should I, have I ever advocated government run business? And its not a sign of efficiency, its a sign of fiscal prudence, a difference.