Progressives and Libertarians have a fundamentally different paradigm when thinking about businesses. Libertarians think of them as good — people who work to provide a good or service to people. This business will only be successful if they make people’s lives better — this is inherently good. Progressives see business owners as inherently bad — exploiting both their employees and their customers.

Progressives see profit as inherently evil. Libertarians see profit as the fundamentally good. 1. It provides incentive. Humans inherently react to incentives. If they get nothing extra for working harder, they won’t work harder. It’s simply science. 2. It provides the proper feedback mechanism to direct effort in the society. If a business is making a huge profit, then it means the society really wants this thing, as a result, more businesses will rush into this field. If a business is not making any profit, it will fold. Which is good, the society didn’t want this good or service — stop wasting your effort.