3 ms·
Allow me to clarify: The word "charity" is used in the perverted capitalistic sense, where Google's predominant "duty" is first and foremost to its shareholders
by stopping 6y ago
Allow me to clarify: The word "charity" is used in the perverted capitalistic sense, where Google's predominant "duty" is first and foremost to its shareholders. The capitalist incentive structure requires no more than the bare minimum of customer service from Google.
I agree that Google has a moral duty to take care of the people who choose to put their trust in their platforms.
- pmiller2 6y agoYou are implicitly assuming that the shareholder primacy theory of corporate governance is the only legitimate one. It is not. The business judgement rule allows corporate directors very wide latitude in how they choose to run the business. Google very much can hire more CSRs, exactly because they are insanely profitable on a per employee basis, but they choose not to, for reasons unknown, but likely out of concern for the stock price. See https://en.wikipedia.org/wiki/Business_judgment_rule https://en.wikipedia.org/wiki/Business_judgment_rule
- stopping 6y agoSmall clarification: I'm assuming that shareholder obligation is the predominant force upon corporate governance, not the only one. But, point taken.