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You are entirely correct in our competitive capitalist environment. Maximizing for short-term company gain outperforms those who would maximize for long-term so
by abandonliberty 9y ago
You are entirely correct in our competitive capitalist environment. Maximizing for short-term company gain outperforms those who would maximize for long-term social gain.
Companies must abuse every law, regardless of original intent, or risk irrelevance and failing to maximize shareholder value.
The problem is that what's good for the company often isn't what's good for society. It's a function of the basic rules of our society.
If we keep the capitalist model, then the problem is that risk/benefit ratios reward bad behavior. It's extremely hard to legislate soundly to prevent this.