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>Now for the sad part, even after they've showed their cards, companies and governments will still continue to invest in China, continue to bend over and do wha
by koboll 8y ago
>Now for the sad part, even after they've showed their cards, companies and governments will still continue to invest in China, continue to bend over and do whatever they ask for.
Publicly-traded companies are completely enslaved to profit-seeking because of their overriding need to appease shareholders, lest shareholders fire them and install someone more willing to do whatever it takes to seek profit.
This is why regulation is necessary -- not because businesses are amoral, but because shareholders are, and businesses have to be whatever shareholders want them to be.
If we want businesses to act a certain way toward political and social freedoms abroad, we have to either tie the hands of employees through prohibitions or incentivize shareholders toward other avenues of seeking profit.
- deleted 8y ago[deleted]