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This is the ultimate problem with how we've structured public corporations/LLCs in the US. When markets are working correctly in an environment of low innovatio
by roymurdock 7y ago
This is the ultimate problem with how we've structured public corporations/LLCs in the US. When markets are working correctly in an environment of low innovation, companies themselves becomes the product, and the company's product itself just become a cashflow on a balance sheet. Grow the company (and its userbase) to a point where it can be harvested (go public) and then processed while you get paid out.
Nothing else in the environment matters if it's not on the balance sheet (most notably pollution, social disruption, and general human suffering). Yvon Chouinard has a great perspective on this in his book "Let My People Go Surfing" where he meditates on the paradox of running a private business that fights itself by automatically giving away portions of its revenue to charity rather than paying out shareholders/reinvesting in growth. What do you do when you see every sale your company makes as a failure in the fight against consumption/towards sustainability?