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> As long as the primary and basically sole purpose of a corporation is maximizing shareholder value, they will be compelled to find the most effective ways to
by tomp 6y ago
> As long as the primary and basically sole purpose of a corporation is maximizing shareholder value, they will be compelled to find the most effective ways to do so.
Maximising shareholder value isn’t the problem. The problem is how they do it. Companies that achieve that by offering good, useful, timesaving products and services deserve to make tons of profit!
The problem is advertising. It’s a race to the bottom, the only value is relative (you don’t need to be good but rather better than your competitors, as opposed to e.g. Coca Cola which seems to have reached some (local) optimum). Unlimited amount of money competing for a limited amount of human attention.
Ban advertising, and this problem will solve itself.