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What is wrong with corporate greed? I want the best returns out of the corporations I invest in. > Question how we're conditioned to think of lower corporate
by witty_username 10y ago
What is wrong with corporate greed?
I want the best returns out of the corporations I invest in.
> Question how we're conditioned to think of lower corporate profits as a bad thing.
Perhaps it is my neoliberal worldview, but I think most people are like "corporate profits can go down" for <my cause>. People think that corporations are owned only by billionares.
Lower corporate profits are a bad thing for shareholders.
Why don't we just take poor people's money since they're so greedy for wanting money? Most of the arguments against excess wealth can be used against many first-world people including HNers.
- molsongolden 10y agoTake it further. Why are you a shareholder? Why are so many people shareholders? Investing for retirement is pushed heavily and incentivized by the government but is it for our own good or is it to provide liquidity in the financial game? If you are pushed to invest then you have skin in the game and are a shareholder who wants to increase corporate profits. This puts you almost directly at odds with all non-shareholders who are negatively affected by increasing profits.
- witty_username 10y agoPeople are shareholders to make money. > This puts you almost directly at odds with all non-shareholders who are negatively affected by increasing profits. Economics is not zero-sum. Few people such as competitors will be negatively affected, but for the average person there will be little impact. For example, if Google makes more profits I am hardly impacted.