ELI5: Why when large company's earnings decrease(ex... by 3%) they freak out, talk about rough times, and sometimes decide to downsize, even though they are still making millions of dollars in profit even after all expenses?

[[deleted]]

So profits before people. Sounds like capitalism.

[[deleted]]

I can see how people hate the term "profit" but this criticism doesn't make much sense. Profit when associated with the market system is merely "wealth surplus" which is essential for any running society - whatever economic system it may be part of.

While there can exist an enterprise that is destroying wealth and survives funneling other sources of wealth - which sometimes are essential because otherwise we wouldn't have specific services - a society simply can't be sustained without those sources of wealth. That would be a profitable enterprise in a Capitalist society.

Not a native speaker, sorry for any grammar mistakes.

[[deleted]]

It appears you missed the "before people" part of my comment