This is a well-worn sentiment, but I think it is at best only partially true. A substantial aspect to the way modern businesses run has little to do with sheer, naked profit seeking and much to do with culture. Specifically a culture of class distinctions, power, and &quot;winning&quot;. There are countless instances of corporations doing dumb things that hurt their bottom line but are done anyway because it aligns with the culture and values system of those making the decisions.