E.B. White: Profit System Profitability
on Wednesday, October 12, 2011Funny Money Quotes: Descriptions of the capitalist system can be deceptive when we assume they represent possibility and potential for everyone. E. B. White said:
“The trouble with the profit system has always been that it was highly unprofitable to most people” — E. B. White
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The quote “The trouble with the profit system has always been that it was highly unprofitable to most people” by E.B. White is criticizing how capitalism in practice often fails to benefit society as a whole, despite its aims. White is suggesting that while the goal of a profit-driven economic system is to generate wealth, in reality it tends to enrich only a small minority rather than improving the livelihoods of average citizens.
According to this view, capitalism in its current form leaves many people behind financially while disproportionately rewarding those at the top. The quote conveys E.B. White’s perspective that the system designed to maximize profits for businesses is “highly unprofitable” for most members of the public who see few of the gains but many of the drawbacks. It portrays the profit motive as an imperfect mechanism for distributing prosperity when assessed from the viewpoint of mainstream well-being in society.
Birthday: July 11, 1899 – Death: October 1, 1985