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Profit Maximization versus the Basic Needs of a Civilization – Food and Energy Production

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Michael Spencer

Michael Spencer


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Profit maximization and increasing individual or shareholder wealth should no longer be the driving goals to meet our civilizations basic needs (i.e. food production, energy for electricity and transportation). Our current system for meeting these needs is driven by quarterly profits, analyst expectations, executive pay plans, stockholder value, and subsidies to politically connected and very profitable companies. There is considerably less emphasis and focus on the end user – the U.S. consumer and taxpayer. Removing corporations and investors motivated solely by profitability from these vital sectors of our economy and replacing them with regulated private non-profit companies will do away with the politically connected oligarchies that primarily benefit the wealthy elite at the expense of the population as a whole. The purpose of these non-profits will be to provide products and services at the lowest possible end user price and in the most efficient methods possible.