now since you got the subject going here we go.
yes profits are important and perhaps most important but only and ONLY in the long term. what US corporations are doing is called monkey greed. they maximize profits in the short term, maybe 10 years or so but fail to look in the long term. for example AT&T and Verizon have clearly monopoly over the US. They have maximized their profits but like monkeys fail to see what is going to happen in the long term. They have staggered the innovation to maximize profits and the end result is that US got slower internet connection than Romania and other Easter European countries which are part of EU. For example in Poland I can get 3G 4Gb data plan for 15USD, in US AT&T offers me 200mb for $15. And the end result is that US in recession. Now what do you think happens when basic infrastructure is below other countries? all of the suddent innovation fails, no more new businesses and loss of jobs. Now with people growing poorer they will cut down on services such as data plans, which will screw over ATTs income in the long term unless of course they get a bail out. thanks to the corruption in US govt and the way corporations have monopolized the country we see a fast decline of US standard of living. perhaps not too long from now US will be comparable to Mexico. Good thing I am a dual citizen and can work anywhere in EU.
Why is the US leading in 4G LTE deployment over Europe and much of Asia then?
----------
yet funny now it is, that standard of living in Europe is much higher than in US. you don't see half as many people on the streets, everywhere in my country there are freeways being built, we got much cheaper Internet and not the mention health care. I hope when I come back US can have such failure.
It's easy to create a high standard of living on a credit card. Most of the EU is in debt and has high taxes to support the state.
The US is also in debt (to support its social programs) but at least it keeps taxes low to encourage innovation. Apple, and the iPod/iPhone/iPad, could never have been created in the EU.