I am imagining a great sailing ship named the SS Profit. She is the instrument of ambitious commerce, transporting great volumes of cargo bought in some port at the lowest price possible and sold in another as high as possible. And in each port, once unladen of goods sold high, she is filled with goods bought low and sailed in search of still more ports at which to buy low and sell high.
By churning goods bought low and sold high, the SS Profit makes her way on a never-ending journey, a perpetual profit machine, her sloshing wake creating tidal flows of goods to be traded: the ebb upon taking from some port, that which can be purchased low, and the flood upon selling in another port, all that can be sold high.
The SS Profit is so good at what she does that over time the difference between the low and high tides become diminished–as water seeking its own level. To make up for the diminishing tidal range, the ship sails to ever more distant ports, across ever-more treacherous oceans, laded with ever-more cargo bought low to be sold high. Even as she grows weaker with age, her overloaded hull is made to ride lower in the water until her stability is teetering on the brink of capsize.
In my mind’s eye I can see atop her decks the well-heeled captains of commerce accompanied by their navigator-accountants. They pour over charts and logs, carefully calculating tidal differences and laying-in their course.
Below I imagine the ship’s crew, who manage the cargo and batten hatches. They work hard and jostle and fight among themselves to purchase and guard hard won berths, lest they be sent down into the bilges, and dutifully bide their time, waiting for the brief moments when they will be allowed topside to take in a bit of fresh air and sunshine.
Deep in the dark dank bowels of the ship I imagine the remnants of crew, a growing population of those who can no longer be accommodated in the ship’s lodgings. Although they have no “proper job” aboard the ship and have long since forgotten what daylight is, their lot is to endlessly labor at the pumps and chink aging planks with oakum, lest they become overwhelmed and drowned.
The SS Profit keeps sailing but as is the case for all sailing ships, she is nearing the end of her useful life. The tides of commerce are becoming leveled and she has become overburdened. Her hull is no longer seaworthy and the winds adverse. If she is not soon retired from service, she will founder and sink during one of her increasingly desperate voyages, taking all of her compliment down with her.


A good listing of things we hope the SS Profit will not do.
What are the things that we want the ship to do though. We want spices from the East and Coffee from the South. Should we not have them because they don’t grow in the backyard?
A man has some money. He can bury it in the yard, hide it under the mattress or so something with it that has social worth like buy a ship and open up a spice trade. Under the mattress the money is pretty safe. Out navigating on the high seas, not so much. Should he be compensated beyond the worth of his money for taking the risk to establish a spice trade?
He can run his ship well and treat his crew well and still deliver the spices. What may cause some captains not to do is a mystery. Maybe the government can require him to allow the crew to eat well, see daylight and have some decent life. Particularly if that government puports to be ‘..of the people and for the people…’
There is nothing inherent in that system that prevents that.
And so on….
John,
You make very good points and I will not attempt to refute them. My imaginative flight took me in the direction of the idea of globalization, in which the differences to be exploited for profit become diminished and therefore the method for realizing a profit must be taken to ever greater extremes. It is not that this cannot be done but rather that the risks entailed grow ever greater, not just for the enterprising profiteer, but for the whole of world community.
In other words, in an increasingly globalized world, one mans risk taking is never his and his alone. As his enterprises grow, the risks increase for everyone–deep sea drilling, air pollution, the sale of weapons, insecticide usage, and so on and so forth ad infinitum. Even if his risky quest is only to make an “honest” and “well earned” profit, he exposes everyone to risks over which they have not control.