Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers.
Original Article: The War on Producers and Entrepreneurs Is Based on False Notions of Profits

The war on the producer is raging on, and the assault on free enterprise and the entrepreneur is hitting an all-time high. Whether it be politicians, academics, or the mainstream media, there’s a relentless effort to paint those who create wealth and prosperity as villains who do nothing but exploit the masses.
This is not just a misguided moral crusade, but it also amounts to an egregious intellectual fraud as it completely ignores fundamental principles of economics and the basic human desire to succeed. It is time to stand up and push back hard against this narrative for the sake of our future as a civilization.
Simply put, producers are the backbone of any economy. Without them, there would be no wealth, no innovation, and no progress. The producer takes risks, invests time and