Here is the final section of the lecture Ownership, Strikes, Unions, by Eli Siegel. It is from his great Goodbye Profit System series of lectures, begun in the spring of 1970. They illustrate and document this fact, which Mr. Siegel was the person to state, and which is affecting in an enormous, permeating way the life of every individual now:

What is being shown today is that without good will, the toughest, most inconsiderate of activities — economics — cannot do so well.... The world has now come to such a geographic or historic state [that] ethics... must be honored... for production and distribution in the world to go well. [Goodbye Profit System: Update, Definition Press, pp. 2, 159, 161]

     1) Because of unions, by 1970 employers were being made to pay workers more decently, and to provide safer working conditions, and benefits. This long-fought-for greater justice was cutting into the profits of bosses and stockholders. Every cent of wealth a person creates with his hours of hard work is either going to go to him, or is going to be taken from him in the form of profits to people who didn’t do the work. To pay starvation wages, and have people work in poorly ventilated shops, inhaling chemicals that ate their lungs out, was very profitable. Paying better wages, providing safer working conditions, was much less profitable.

     2) A second big form of ethics working as force in economic history, Mr. Siegel described this way in June 1970: "America is not the only country now with industrial know-how.... There is more competition with the American product" (GPS:U, pp. 46-47). For people of all nations to know more about science, technology, production is an ethical victory — but it is a huge interference to US corporations, which once did not have to contend with rivals. "More competition with the American product" — about which Mr. Siegel spoke as it was beginning — has become a massive thing, making profit-getting increasingly difficult.

     In other TROs, I have described what has been done these years to keep big profits coming to a few persons: Americans are being made to work for less, to accept a diminishing standard of living, perpetual job insecurity, a declining middle class, and the impoverishment of millions of American children. Many companies are having work that Americans once did, be done in Guatemala or Indonesia, because while our minimum wage won’t permit a US family to live decently, it also won’t supply the kind of profits that businesses crave.

     The feeling against profit economics pervades America in thousands of ways. For instance: If you say "Wall Street" to someone, the person’s feeling will not be that something noble has been mentioned, but something selfish, devious, and cold.

     In television commercials, when bosses are presented they are usually made to look mean and nasty — in keeping with the feeling of the American people. 

     Something Mr. Siegel described in a 1971 lecture has grown and intensified mightily these years. He said, "Never was there such suspicion" on the part of consumers; "there’s a feeling, in buying something, of great discomfort." Today, in the field of food alone, there is enormous suspicion: the worry that you might take into your body something that can make you sick or even kill you — because big corporations involved in producing and processing food are interested first in profits, and don’t give a damn what happens to you. That feeling is throughout America. And it is the feeling that going after profit is contrary to wanting people to fare well. Every time a person in a kitchen prepares chicken, and is angry having to think about whether she is getting salmonella on her hands or on the counter — she is angry at the profit system. Also, there is a feeling that E. coli bacteria may be in one’s hamburger because the meat industry is interested in profit; and the feeling is not joyful. 

     Never was there more fury at drug companies. Americans know that these companies use people’s need for medicine to charge exorbitant prices. Because pharmacy is based on profit, many men, women, and children cannot get the medication they need. And senior citizens can go without sufficient food in order to pay for medicine. There is in Americans a real hate of the fact that what one needs for health is tied in with profit.

     There has come to be, too, a feeling that gun manufacturers and sellers, because they’re after profit, are a means of people being killed — including children by other children in American schools. The gun merchants’ profit motive is opposed to their doing all they can to have children live; because if their first interest were in having children not die, they wouldn’t sell as many guns.

     A question Mr. Siegel asked is crucial now: are the awful accompaniments of the profit motive — such as tainted food, inability to get medicine, careless sale of weapons — merely incidental things, things that may happen simultaneously with the profit system? Or do they arise from "something underlying," something central to profit economics itself? Americans are hovering around a conscious asking of this question — and they long to ask it.

     One of the most vivid showings in recent years of Americans’ fury at the profit system is the anger at cigarette manufacturers and the lawsuits against them. Millions of Americans have said in various ways, "These tobacco companies want to make profit, and they don’t care if they kill me to do so!" This was a feeling, huge, against the profit motive.

     He said people in America should be asked, "What do you think of the profit system? And do you know what it is? What do you think is wrong with the present way of production?" He said people think that if they question the profit system, they will immediately find themselves with certain words that they’re afraid of. 

     But the economy America truly wants is not something people associate with those scare words. It is something new: an economy based on the sincere answering of another question Mr. Siegel asked in that 1971 class: "Do you want to use economics to have contempt for people or respect for people?" He said, "There is a certain kind of feeling about other beings, which the profit system is not interested in people’s having."

     What that feeling is — which the American people long for, and which they hate the economy for squelching and betraying—can be seen through this Aesthetic Realism principle: "All beauty is a making one of opposites, and the making one of opposites is what we are going after in ourselves." The self of everyone has a great opposite which is the world, and consists of everything outside us, including another person. Across this vast, beautiful land of America, people long to feel that in the way we work and buy and sell, in the way we think about someone when we’re alone, those great opposites are one: we want to feel, "I am strengthening people who are not me, and I am being strengthened by them." That is ethics and aesthetics, and it is what Americans want our economy based on. It is good will. Can things be produced, Mr. Siegel asked, on that basis — or is the ill will of the profit motive necessary for there to be cars, food, clothing, television sets?

     Mr. Siegel himself, all his life, embodied that most beautiful of motives, to know. As a result, his knowledge was vast in its scholarship; vibrant, magnificent in its immediacy and kindness. He said in 1970, "The whole purpose of history is to show that the greatest kindness is the greatest power." His own great mind was evidence for the truth of that statement. 

— Ellen Reiss, Class Chairman of Aesthetic Realism

     The history of profit as to the liquor business is a very big thing — the history of profit as to things that weren’t so good. This poem, by William Henry Burleigh, is called "Satan and the Grog-Seller"; and it represents American opinion, which was two ways: it was for temperance, and also could be taken by a rollicking drinking song.

     I may say about the reason for The Drunkard’s playing*: people did laugh at it, laughed at the famous line "Lips that touched liquor will never touch mine"; but still, people wanted to know about it because the idea of temptation and weakness affects people. The audience came to laugh, but they also found some power in it. Then, there is the book by T.S. Arthur, Ten Nights in a Barroom, which is powerful. Arthur is seen now as a writer who presented American industry in the 1830s and ’40s, before the Civil War. 

[Note. In "Satan and the Grog-Seller," the owner of a tavern is thinking to himself late at night:]

     All the goodness and evil of profit, as I say, is now in question; and an answer was given last month. I think the answer will stay. In later discussions I’ll give more reasons why the answer of ethics — which is as eternal steel, and as eternal flexibility of air, and as eternal pervasiveness, and as eternal reality itself — the answer of ethics will stay. Ethics has spoken, and various financially adroit people in Washington cannot annul what it has said.