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IMO, private companies do not necessarily become evil when they get big, but public companies cannot help but become evil, even when not all that big. (My impr
by domador 6y ago
IMO, private companies do not necessarily become evil when they get big, but public companies cannot help but become evil, even when not all that big.
(My impression is that public companies are essentially required to maximize profit and shareholder value at any cost... at least at any cost that's technically legal and which wouldn't create significant blowback from society--blowback which would cut into those profits. Private companies owners have the freedom to follow their conscience and not sell their company's soul even if doing so would greatly increase profits.)
To sum it up, the imperative (or lack thereof) to maximize profits.
- filthycommunist 6y agoOn what grounds do you say that public companies have to be unethical within legal limits? If there is any law which states that publicly owned companies have to maximise profit at any cost, then I am not aware of it.