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> On the contrary, we should assume that Google, FB, MSFT etc etc will do the worst (for users /society) if it's better for their bottom line. Their trust level
by ardy42 8y ago
> On the contrary, we should assume that Google, FB, MSFT etc etc will do the worst (for users /society) if it's better for their bottom line. Their trust level is in negative territory, it was zero a few years ago.
All the refrains that try to excluse/explain corporate misbehavior by claiming that that only duty of a corporation is to create value for its shareholders are only tempting a massive regulatory response in the future.
If capitalist ethics are unused to justify socially unethical and immoral behavior, don't be surprised when democracies start to turn against capitalism...
- Lio 8y agoIt’s always worth remembering that the term “Banana Republic” is as originally used to describe countries where the local government had been effectively taken over by United Fruit Company [1] to the extreme detriment of the local people. The lesson here is that you can’t trust large corporations to act ethically and if you can’t trust you need to regulate them. (That a clothing company rather insensitively chose Banana Republic as a trade name sort proves that you can’t legislate against bad taste). [1] https://en.m.wikipedia.org/wiki/Banana_republic https://en.m.wikipedia.org/wiki/Banana_republic