Is Profit Really Immoral? | IEA Podcast Clips
14Delve into the contentious topic of profiteering with Matthew Lesh, the Public Policy & Communications Director at IEA, and Economics Fellow Julian Jessop in this IEA Podcast clip.
In this clip, Lesh and Jessop explore the public outrage surrounding perceived profiteering, using Tesco's recent £2.3 billion pretax profit surge as a focal point.
Lesh and Jessop dissect allegations of profiteering, revealing the intricacies of profit margins and the competitive landscape across industries. They delve into the essential role of profit as a driver of innovation and market equilibrium, challenging common misconceptions surrounding corporate earnings. Gain invaluable insights into the dynamics of profiteering, as Lesh and Jessop navigate its implications for businesses and consumers alike.
Full video: https://youtu.be/Dq_2yBmWgHs
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