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The simplest solution to many issues with corporations is to let them focus on what they do best - making money - and not saddle them with tons of additional ba
by seibelj 6y ago
The simplest solution to many issues with corporations is to let them focus on what they do best - making money - and not saddle them with tons of additional baggage like
- Making business pay for healthcare
- Making business take political stances
- Making business responsible for caring for the sick / needy / orphans / etc.
Let business make maximum money and distribute it to employees and owners, then let everyone who received money deploy it to their favored interest groups / politicians / activisms / social programs / charities / etc. Much less conflict in regards to business - thinking about them, working for them, differing theories about their role in society, etc. Businesses provide value and earn profit for doing so.
And for things like healthcare, let government handle it, why we let business pay for healthcare in USA is so absurd.
So Coinbase has a good model - stop wasting the whole day getting worked up about political arguments and shaming each other for perceived slights. You can do that after-hours on Twitter and FB as much as you like.
- gogopuppygogo 6y agoWay too logical. Not enough tax loopholes. The real constituency of the USA government (the top 1% of earners / people above $400k/year) will not agree on much except maybe healthcare. Only because they can’t even figure out what care they get for what price anymore.
- seibelj 6y agoThe shareholder theory of corporate governance is under attack. It is the dominant theory for decades now, and I agree with it, and I don't want stakeholder capitalism. I want corporations to make money and let non-profits / government deal with social problems. So much easier and prevents 5000 different opinions at 5000 different corporations for how they should spend shareholder money on activisms ABCXYZ. Give the money to shareholders and let each of them decide. Otherwise you further divide society, with each investor having to invest in "democrat" companies or "republican" companies, etc. Totally unnecessary.
- projektfu 6y agoThe shareholder theory is gone. Management has taken over and run the company for their own benefit, not for shareholders.
- tupputuppu 6y agoShareholder value creation provides at least some shackles to management empire building. Stakeholder capitalism means they're free to waste company resources on whatever fad they can reap personal PR points on.