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Once it is understood that profits and losses evolve from the changing values of consumers, it becomes obvious that abolishing windfall profits or windfall losses is impossible.
The EntrepreneurThe Police State
Unlike government police, private firms often suffer falling stock prices and falling revenues when running afoul of public expectations.
The EntrepreneurMedia and CultureCapital and Interest Theory
The Cleveland Browns enter this year's NFL draft with a tremendous capital advantage to other teams. That's not enough to guarantee their success.
The EntrepreneurEntrepreneurshipMoney and Banking
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.
In the pursuit of profit, many firms also seek to improve their communities in more intangible ways.
The EntrepreneurWorld History
Bureaucracy and RegulationThe EntrepreneurEntrepreneurship
The EntrepreneurEntrepreneurshipProduction Theory
Bureaucracy and RegulationThe Entrepreneur