Both for-profit and nonprofit organizations can credibly profit from signaling that they do not care about money: a nonprofit raises more donations by claiming all funds pass through to recipients and its staff are monastic, while a for-profit like Merck makes more by remembering 'medicine is for the patient, not for the profits—the profits follow.'
causalpending
Speaker
Michael MungerEvidence Quote
“it's self-interested from a nonprofit perspective in terms of raising money and providing more services to be able to say we don't care about money at all”
Created: 6/17/2026, 10:31:45 AM
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