Jun

18

DVGAssociated Press (AP) is a cooperative owned by the major newspapers. Its purpose and history have been to preserve the monopoly power of its entrenched owners against newcomers, both new newspapers and others.

Where permitted (most prominently in the agricultural field, for example Ocean Spray Cranberry growers or Blue Diamond Almond growers from whom Victor and I used to buy for our American Almond company), cooperatives are a government-sanctioned cartel allowed to limit production and fix prices.

I was amused recently when my niece, a star at business school, proudly announced to the family she was taking a summer job at AP because it was a "non-profit". When I explained that it was only non-profit in the sense of Ocean Spray Cranberries, designed to maximize the profits of its owning commercial companies, she became quite annoyed.

This "I only want to work for a non-profit" preference of young people is very common these days. Whenever I try to explain that working for a non-profit tends to be less socially useful than working for a "profit", I get nowhere. (My point being that a "profit" has to be socially useful or it would not exist, and ditto for the job they are paying you for. While there is no such feedback or test for a "non-profit" company and job.)

I'd be interested if someone could better explain it, or point to a source that better explains it.


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