Is profit really the best measure of business success? - Richard Murphy

5th August 2025

I've spent 50 years studying profit as an accountant, economist, and political economist.

And here's the truth: almost no one understands what profit really is, least of all mainstream economists.

In this video, I explain why profit is not just income minus expenses, why external events matter more than you think, and why our government has no concept of capital worth preserving.

This isn’t just about accounting. It’s about building a new system where people and planet come first.