3 ms·

Businesses are legal fictions. There is no inherent reason shareholders should be the only constituency businesses serve.

jhatemyjob 6y ago
Okay sovereign citizen. Have fun living in your fantasy world
- damnyou 6y ago
  Far from it, I'm thinking more in terms of Liz Warren's Accountable Capitalism Act: https://en.m.wikipedia.org/wiki/Accountable_Capitalism_Act https://en.m.wikipedia.org/wiki/Accountable_Capitalism_Act
  - jhatemyjob 6y ago
    Ah okay this at least makes some sense. I don't know how effective something like this would be, wouldn't this just incentivize hiring people that fit your political agenda? For instance let's say you hire a bunch of Chinese/Indian immigrants on H-1B visas, they'll just vote in people that benefit China/India Also the 1997-2011 era Apple probably wouldn't have worked under a law like this
    - damnyou 6y ago
      > I don't know how effective something like this would be, wouldn't this just incentivize hiring people that fit your political agenda? That's what all companies already do: the political agenda of every publicly held large company today is to please its shareholders, and only to please its shareholders. The proposal changes the political agendas of large companies so that they also have to please their workers and communities. > For instance let's say you hire a bunch of Chinese/Indian immigrants on H-1B visas, they'll just vote in people that benefit China/India Kind of a pessimistic view of humanity there. Immigrants are just as good as native-born citizens at collectively deciding what's best for the organization they work in. > Also the 1997-2011 era Apple probably wouldn't have worked under a law like this Apple would certainly be different, but so would its competition.
      - deleted 6y ago
        [deleted]
laumars 6y ago
There’s plenty of businesses that aren’t just motivated by profit. However the businesses that rise to the top are obviously going to be those who are more aggressively profit driven. This is why my previous comment made a distinction about company size rather than making a blanket statement about all companies.
- damnyou 6y ago
  If it were made impossible for businesses to be solely profit driven, then there would simply no longer exist any businesses that are solely profit driven.

jhatemyjob 6y ago

Okay sovereign citizen. Have fun living in your fantasy world

damnyou 6y ago
Far from it, I'm thinking more in terms of Liz Warren's Accountable Capitalism Act: https://en.m.wikipedia.org/wiki/Accountable_Capitalism_Act https://en.m.wikipedia.org/wiki/Accountable_Capitalism_Act
- jhatemyjob 6y ago
  Ah okay this at least makes some sense. I don't know how effective something like this would be, wouldn't this just incentivize hiring people that fit your political agenda? For instance let's say you hire a bunch of Chinese/Indian immigrants on H-1B visas, they'll just vote in people that benefit China/India Also the 1997-2011 era Apple probably wouldn't have worked under a law like this
  - damnyou 6y ago
    > I don't know how effective something like this would be, wouldn't this just incentivize hiring people that fit your political agenda? That's what all companies already do: the political agenda of every publicly held large company today is to please its shareholders, and only to please its shareholders. The proposal changes the political agendas of large companies so that they also have to please their workers and communities. > For instance let's say you hire a bunch of Chinese/Indian immigrants on H-1B visas, they'll just vote in people that benefit China/India Kind of a pessimistic view of humanity there. Immigrants are just as good as native-born citizens at collectively deciding what's best for the organization they work in. > Also the 1997-2011 era Apple probably wouldn't have worked under a law like this Apple would certainly be different, but so would its competition.
    - deleted 6y ago
      [deleted]

laumars 6y ago

There’s plenty of businesses that aren’t just motivated by profit. However the businesses that rise to the top are obviously going to be those who are more aggressively profit driven. This is why my previous comment made a distinction about company size rather than making a blanket statement about all companies.

damnyou 6y ago
If it were made impossible for businesses to be solely profit driven, then there would simply no longer exist any businesses that are solely profit driven.