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Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.
The flaw in, say, austerity, is that its success is predicated on the relative exactitude of math rather than the shifting, liquid imperfection of people's lives.
Even in a time of fiscal austerity, education is more than just an expense.
Austerity is not part of the European treaties; democracy and the principle of popular sovereignty are.
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
Pope Francis has stressed humility and austerity - a far cry, according to many, from the predecessor's bling and Ferragamo shoes - those were pretty entertaining. And he's translating all of that into a policy agenda.
There is no austerity equal to a balanced mind, and there is no happiness equal to contentment; there is no disease like covetousness, and no virtue like mercy.
The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster.
Democracies can't handle austerity measures very well.
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.