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Actually, no they cannot. It has been proven time and time again that most companies will behave only in ways that benefit its stakeholders. Sometimes, that hap

by dvdhnt 10y ago

Actually, no they cannot. It has been proven time and time again that most companies will behave only in ways that benefit its stakeholders. Sometimes, that happens to align with public or moral good. However, our only expectation should be that companies make decisions and take actions within the parameters prescribed by regulators. Anything they do beyond that is either a violation, and should be punished, or a secondary, unexpected benefit.

robert_foss 10y ago
I would agree that this seems to be the case almost always, but should it have to be that way? Why can't public interest be aligned with the profit motive more often? To some extent this is already the case, you don't see Dow Chemical grinding up children and selling them as couch stuffing, although sometimes they're not very far from that mark.
- dvdhnt 10y ago
  Right, I mean that's a separate debate, one that requires a lot of introspection re: capitalism, etc. I'm just answering your previous question; that no, we can't expect them to behave morally. However, to continue with your second comment, we're getting closer to the cause of the symptom. I saw a headline on HN that said "why always outlasts how" and I believe this to be intrinsic. If we should encourage companies to behave in ways more closely aligned with the public interest, fine. Now, how do we do that? So far, it has been done through varying degrees of regulation and the court of public opinion, but those often fail. To answer your question - "Why can't public interest be aligned with the profit motive more often?" - because we lack a better how for the time being.
enraged_camel 10y ago
>>Actually, no they cannot. It has been proven time and time again that most companies will behave only in ways that benefit its stakeholders. I don't think anyone can reasonably argue that the current situation is benefiting Uber's shareholders. The point being that by breaking the strike, Uber made a terrible business decision. They massively underestimated the backlash they would get. Now they have a (yet another) PR nightmare in their hands.
- dvdhnt 10y ago
  That's fair, and I certainly wasn't trying to analyze the business implications of Uber's maneuvering, simply that any decision made is 'usually' motivated by how it benefits a company's stakeholders.

by dvdhnt 10y ago

robert_foss 10y ago

I would agree that this seems to be the case almost always, but should it have to be that way? Why can't public interest be aligned with the profit motive more often? To some extent this is already the case, you don't see Dow Chemical grinding up children and selling them as couch stuffing, although sometimes they're not very far from that mark.

dvdhnt 10y ago
Right, I mean that's a separate debate, one that requires a lot of introspection re: capitalism, etc. I'm just answering your previous question; that no, we can't expect them to behave morally. However, to continue with your second comment, we're getting closer to the cause of the symptom. I saw a headline on HN that said "why always outlasts how" and I believe this to be intrinsic. If we should encourage companies to behave in ways more closely aligned with the public interest, fine. Now, how do we do that? So far, it has been done through varying degrees of regulation and the court of public opinion, but those often fail. To answer your question - "Why can't public interest be aligned with the profit motive more often?" - because we lack a better how for the time being.

enraged_camel 10y ago

>>Actually, no they cannot. It has been proven time and time again that most companies will behave only in ways that benefit its stakeholders. I don't think anyone can reasonably argue that the current situation is benefiting Uber's shareholders. The point being that by breaking the strike, Uber made a terrible business decision. They massively underestimated the backlash they would get. Now they have a (yet another) PR nightmare in their hands.

dvdhnt 10y ago
That's fair, and I certainly wasn't trying to analyze the business implications of Uber's maneuvering, simply that any decision made is 'usually' motivated by how it benefits a company's stakeholders.