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> The shareholder system of control is at least honest and transparent The shareholder system of control foists massive negative externalities on the public wh
by panarky 7y ago
> The shareholder system of control is at least honest and transparent
The shareholder system of control foists massive negative externalities on the public while concentrating profits in the hands of a few.
It's like advertising toxic waste disposal for $100 a tonne, then dumping the carcinogenic sludge in the town square while keeping the cash for yourself.
If you're a real capitalist, you peel off 1% of your windfall to support politicians who sabotage any attempt at regulating toxic waste disposal.
- quotemstr 7y agoDumping toxic waste in the town square is illegal. If what Facebook is doing is so bad, why can't you assemble a political constituency to make it illegal? Is it possible that this "every FB engineer is a moral criminal" stance is actually a fringe view espoused by a radical minority and not a principle we should consider seriously? I think so. I reject the OP's claim to moral authority. A thing isn't bad just because some random commentator on HN says it's bad. The law is how we encode legitimate and society-wide consensus on what's bad. I am under an obligation to follow the law. I am under no obligation to behave according to what some random HN commentator wants to ban this week.
- codegladiator 7y agoThe engineers are definitely involved. This doesn't mean that we will stop creating things which can hurt people, but people who are involved in the pipeline need to be held responsible for supplying/maintaining to those with bad intentions. So making guns is okay, supplying them randomly is illegal at most places because they just do harm. Similarly there at these companies the engineers working to maintain the infra making it all possible. Engineers need to understand where their work is getting put at.
- vimax 7y agoOkay, so then let's go by the numerous fines they've had to pay for not following data and privacy regulations along with a looming antitrust case. Pretty sure that goes beyond just some commenters on HN.
- panarky 7y agoFacebook built a monster that eats democracy and shits cash. Now Facebook has lost control of the monster they set loose on the world. Governments are trying to control it. Sri Lanka recently disabled all Facebook properties at the ISP level after Facebook promised to clean up incitements to violence but then either wouldn't or couldn't. Just because a thing is legal doesn't make it moral or ethical. And a big reason why bad things remain legal is because bad things tend to shit cash. I suppose you're free to do anything that doesn't get you arrested. The rest of us try to live to a somewhat higher standard.