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How does the profit motive under Capitalism come to exist? (feddit.de)

submitted 2 years ago by hamborgr@feddit.de to c/socialism@lemmy.ml

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We all know the argument that profit motive is part of human nature is false. Yet I'm still not sure why capital owners pursue profits. Is it the difference of self-interest vs collective interest? If so then wouldn't that enforce the argument on human nature? Or am I missing a crucial aspect of the Capitalist system? I'm genuinely wondering.

Edit: Sorry for not being able to answer all of the comments, the blocklist of my instance sadly won't let me see all of the comments.

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[–] strwbrryJen@mastodon.lol 2 points 2 years ago (1 children)

@altair222 @hamborgr um it seems that youve got the socialist definition of profits a bit mixed up. profits are the extracted surplus value of labor to benefit the capitalist. the earnings of a cooperative no longer counts as profit by a socialist definition

[–] altair222@beehaw.org 1 points 2 years ago

maybe but in my exposition i believe i was trying to make the same kind of distinction