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> That is something that “the market” often lacks in their relentless pursuit of shareholder value. This is nuts. The market doesn't pursue shareholder value.
by tathougies 7y ago
> That is something that “the market” often lacks in their relentless pursuit of shareholder value.
This is nuts. The market doesn't pursue shareholder value. Corporations do. However, the market, which consists of consumers and small producers as much as corporations, certainly does not always, as is seen in consumers (and frankly corporations as well) oftentimes irrational behavior.
- Swenrekcah 7y agoI concur that my statement is not entirely accurate, but if we apply the same nuance to the general sentiment I was replying to, surely we will conclude that we should absolutely not rely upon “the market” to prepare for and carry out disaster response.