Yes. Most people equate non-profits in America with charities, and those are what I was speaking of.uziq wrote:
jay do you seriously think all not-for-profit businesses rely on charity donations or patronage for their income? you do realise the plethora of legal practices, media sources, publishing houses, thinktanks, cultural foundations, galleries, museums, schools, etc that operate like their private sector counterparts, right? there is no soliciting for donations. they all offer a product or service.
I understand that some hospitals are not-for-profit, insurance companies, universities and the like are nominally not-for-profit, but in these cases I would make the argument that their not-for-profit status actually messes them up in the long run. They have to spend the money they earn, yes? So they've built themselves massive bureaucracies full of people who don't serve the core mission or they invest in massively expensive equipment or facilities, both of which drive up costs. There's no impetus to go lean.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat