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Profit for Good: Towards a Better Capitalism

Peter Singer · 18 Aug 2026

Read the piece on boldreasoningwithpetersinger.substack.com ↗

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Peter Singer did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    Success in business should be judged partly by what is done with the profit, not only by how much is made.

    Their wordsWhy should the amount of profit a company generates be the mark of its success, while what ultimately happens to that profit is treated as a private question for its owners?

  2. Our reading

    Capitalism increases inequality and does serious harm in places, yet it has lifted hundreds of millions out of extreme poverty and no alternative has been shown to do better at comparable scale.

    Their wordsCapitalism does increase inequality, and parts of the global economy cause serious harm. At the same time, capitalism has also lifted hundreds of millions of people out of extreme poverty, and those who advocate replacing the entire modern capitalist economy have not found an alternative that clearly produces better outcomes at comparable scale.

  3. Our reading

    Giving away almost none of a company's profit is a social norm, and norms can change.

    Their wordsWhy does giving away 10% of a successful company's profits strike many people as unusually generous, perhaps even radical, while choosing to pay virtually 100% of profits to owners and shareholders is regarded as the natural state of affairs? Because it is a norm. And norms can change.

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