Fair enough, but saying ""Profit" is a strange and ambiguous term here." is bonkers regardless. It's not strange nor ambiguous, anyone reading this post should know exactly what those terms mean and the way an open-source company trying to make money would use the term. Whether you find it obscene or whatever that people want to make profit off open source seems like an unrelated discussion: profit is a basic concept everyone understands without ambiguity.
"The only sort of open source project that needs "profit" defined this way is one funded by a capital investment of some kind"
I guess this is what you chose to refer to... this is also a really weird take. The author finds himself in a position to define who needs profit and who doesn't because he's been participating somehow in open source for a few decades?! The OP's point seems much stronger to me, as they say something like "if you intend on growing and paying people to work on open source" you need to make a profit. If there's an argument against that, saying "you don't need it" is not at all a good one.
> Making wealth for individuals isn't in the equation.
So open source is only for people who are already wealthy enough to not need to make money? If you accept that working on open source is not feasible if you cannot make a living off it, and that you won't do it just for fun after day job, then you really should rethink this.