> It's impossible to run an organization at zero capital buffer perpetually (see: even Wikimedia likes to have a capital reserve). That's a great way to end up bankrupt. What you're suggesting is well beyond absurd.
And yet, Wikimedia is a non-profit. So is Harvard. Non-profit doesn't mean you can't have a capital reserve. It only means you don't pay that capital reserve out to shareholders.
> Profit is inherently necessary so that when inevitable bad things happen, you can afford to absorb them.
Some of the longest-lasting institutions in the world are non-profit.
And yet, Wikimedia is a non-profit. So is Harvard. Non-profit doesn't mean you can't have a capital reserve. It only means you don't pay that capital reserve out to shareholders.
> Profit is inherently necessary so that when inevitable bad things happen, you can afford to absorb them.
Some of the longest-lasting institutions in the world are non-profit.