1) For starters, we have here an edited video. We have no idea how many people who said, no, corporations should be allowed to make profits.
2) In spite of that, a number of those Schiff interviewed only said they wanted caps on excessive profits.
3) Sometimes, when looking into the validity of "gotcha" videos, such as this one, it's a good idea to look into the motivation and politics of the interviewer. While such an appproach could degenerate into an ad hominem attack, we would want to take into account in a video on, for example, an environmental issue the fact that it had been produced by an organization such as Greenpeace. Here's are two excerpts from the Wikipedia article on Schiff (hiliites added):
Schiff was an economic adviser to Ron Paul's unsuccessful 2008 presidential campaign. In support of Paul's economic revitalization plan, Schiff said: "We need a plan that stimulates savings and production, not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Paul's plan is the only one that amounts to a step in the right direction. If you want meaningful change—for the better that is—Ron Paul is the only candidate capable of delivering it."
Schiff supports the reduction of government economic regulation, and is concerned that President Obama's administration may increase such regulation.[42] Schiff says that the economic crisis of the late-2000s provides an opportunity to transition from borrowing and spending, to saving and producing. He is critical of the U.S. government's efforts to "ease the pain" with economic stimulus packages and bailouts. According to Schiff, the U.S. government's approach of replacing "legitimate savings with a printing press" could result in hyperinflation.
4) Finally, let me ask you, Robert Prey: Do you believe in the profit motive as the main motivating factor in our economic system, and do you feel it is also what motivates, or should motivate, employees?
