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No, when businesses were owned primarily by single individuals, their priorities were much more aligned with the goals of a single individual. The owners cared
by freepor 6y ago
No, when businesses were owned primarily by single individuals, their priorities were much more aligned with the goals of a single individual. The owners cared not only about profits but respect in the community, influence over politics, etc. and made choices that today’s publicly traded companies would and do not.
- djrogers 6y ago> The owners cared not only about profits but respect in the community I think you need to read a little more history. People haven't changed their core nature in the past 40 years. Look at Carpetbaggers, the Triangle Shirtwaist company, and William Hearst for relatively recent examples. Further back you can look at The Dutch East India Company, the Knights Templar, and the various and sundry monopolies that have arisen throughout history. People are driven to acquire capital initially to meet their own needs, then for power. There always have been people and groups of people who strive for the latter, not being satisfied with the former. Romanticizing long dead business owners may play well in movies and books, but it isn't reflective of human nature.