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Lord Black thought that maybe a free press needed profits to remain free.
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The automaker said that it would keep building them because they provide needed profit, but would seek technological solutions to the problems and look for alternatives to the big vehicles.
(Though perhaps it doesn't need profits after all).
Governments need taxes, households need wages, and businesses need profits.
In good times, equity markets do not need profits, as the dotcom bubble showed.
Basketball teams need arenas, and arenas need profits, so they line up concerts and ice shows to fill the calendar when the teams aren't playing.
Yet the LSE needs profits, now that it is no longer a mutual club of members but a listed company with shareholders to please.
Shared Trade has to consider the effect on the producer of cutting an unprofitable product order, but it also needs profits to make its social mission a reality.
Businesses need profits to provide cash distributions for investors, cash for growth and cash for a rainy day — but many smaller businesses just don't generate enough profits to cover theses needs.
Private partners are often more interested in the profit-making element – the blog refers to pharma companies that need profits to fund R&D, as an example – while the public and NGO partners are less interested in the profit side.
Energy firms are under pressure after steep recent price hikes in gas and electricity tariffs but argue that they need profits to be able to invest in power generation including from renewable sources.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com