Companies exist to produce profits
That's idiotic. Companies most certainly DO NOT exist "to produce profits".
Companies exist to make products or provide services. Profits are a side-effect that act as an incentive for people to form companies to provide products or services. The raison d'etre of a company is to PRODUCE something - the profits from efficient overproduction are just encouragement for those with the means to produce something of value to the rest of us.
The fact that there are people like you who have lost sight of the real reason why companies exist - to provide products or services - and think they exist solely to line the pockets of the rich - is the major travesty of modern capitalism. It's the rot at the core.