> The need to have profit is the goal of any business.
This isn't true. A non-profit is still a business. Charities are businesses. Cooperatives can make profit. Also (almost) no-one thinks small businesses making modest profit and riding the ups and downs alongside others in a locale is a problem.
The problems arise in companies that choose to only or mainly focus on profit. Most capital funds don't make anything themselves other than money, which they extract from businesses that do make things. You can claim that they're market-correcting forces that allow money to easily move between different areas of human interest... but ultimately their product is their own enrichment. The speed and convenience they provide might be an illusion created by their apparent success. It might be better that our markets and locales develop more slowly; if more smaller scale investors made a wider range of decisions, rather than a handful of large ones making most of them.
This isn't true. A non-profit is still a business. Charities are businesses. Cooperatives can make profit. Also (almost) no-one thinks small businesses making modest profit and riding the ups and downs alongside others in a locale is a problem.
The problems arise in companies that choose to only or mainly focus on profit. Most capital funds don't make anything themselves other than money, which they extract from businesses that do make things. You can claim that they're market-correcting forces that allow money to easily move between different areas of human interest... but ultimately their product is their own enrichment. The speed and convenience they provide might be an illusion created by their apparent success. It might be better that our markets and locales develop more slowly; if more smaller scale investors made a wider range of decisions, rather than a handful of large ones making most of them.