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Warning: this video will be difficult for liberty lovers to watch.
Posing as an anti-business crusader, Peter Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability. Watch below:
Of course, profits are a good thing. It means that businesses are selling a good or service that people want to buy. Voluntary exchange creates wealth which benefits everyone. How is that a bad thing?
That being said, businesses should be allowed to fail if they do not produce a product or offer a service that people want to buy. All businesses must sink or swim on their own merits—with no government bailouts.
In case you missed it, FreedomWorks Foundation and Reason Foundation hosted Peter Schiff to give a lecture on the Federal Reserve back in March. Watch below: