Profit in a market economy is an acceptable and desirable outcome. Profiteering, however, is the ugly abuse of making an inflated profit during an emergency.
Think of a grocery store that doubles prices in the aftermath of a hurricane, while people are desperate, without electrical power, and discarding spoiled food.
We presently have 3 profiteers working the economic crises:
Landlords, Internship Providers, and Colleges.
Curiously, as banks refuse to provide mortgage money, Landlords raise rents in a nearly inflation-free economy. After all, people have to live somewhere. If they can’t buy a house or move in with Mom, the final option is a bulging rent.
The Internship Providers fully understand the employment wasteland where recent graduates desperately hunt for work or resume enhancement. They take full advantage by grinding the ‘lucky’ interns to full sweat, and, in some cases, making them pay for the privilege of being exploited.
Colleges are abusing the drone that the only surviving option for a successful future is the Hobson-choice of college. Since they’ve become the last bridge standing to the land of promise, their tuitions have lapped the inflation rate for the past 30 years.