Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.
Soham Patil
Soham Patil is a high school senior at Symbiosis International School. He is passionate about Austrian Economics and Philosophy.
Latest work
Frédéric Bastiat in his book The Law distinguishes between profit and plunder. Profit is financial gain earned through industrious behavior. Business owners make a profit by selling products at a...
Private property rights are crucial to economic prosperity. Without them, it becomes impossible to set up a system of free markets that allows for rational economic calculation. Despite this, property...
