5 ms·
It's always weird to me that people see this and get angry at Nike and not the politicians who made the laws. Nike is a publicly traded company whose sole purp
by anm89 6y ago
It's always weird to me that people see this and get angry at Nike and not the politicians who made the laws.
Nike is a publicly traded company whose sole purpose of existence is to create profits for its shareholders.
The people who write the tax laws are democratically elected officials whose, at least on paper, sole purpose as an official is to create laws like tax laws that benefit their constituents.
And yet, people somehow see the problem here as Nike trying to do what's in their best interest and not the politician who made it totally legal for them to do what they are doing.
- effingwewt 6y agoBecause it's companies like Nike that lobby our politicians to create power/regulatory capture moats of laws. I think it's obvious that runaway capitalism does not work, and we need something different,but as always once something has been done once it quickly becomes the status quo
- anm89 6y agoI didn't elect Nike. They have a right to lobby. I elected my congressman. I expect him/her not to give in to the lobbying
- neolog 6y ago> whose sole purpose of existence is to create profits for its shareholders How can you tell what its "purpose" is? For example, Nike's marketing suggests its purpose is manufacturing athletic equipment or promoting youth sports.
- anm89 6y agoNike isn't a person. It doesn't have feelings or opinions or thoughts . Its existence is summed up by legal contracts which are obligations between the shareholders and the corporation and those legal contracts obligate the corporation to act in a fiduciary manner to create returns on the investments. That's how I can tell.
- neolog 6y agoIANAL but I don't think that's what a typical corporate charter actually requires. It's just an opinion some people have about what companies should do.
- Jochim 6y agoPeople are angry at both.
- anm89 6y agoMy personal experience is that 90% of the anger is directed at the businesses. I'm angry at both too but it should be the inverse proportion