4 ms·
I know it's obvious but this isn't 'capitalism in practice' so much as a reflection of the moral considerations (or maybe lack of them) in the top executives wh
by vixen99 5y ago
I know it's obvious but this isn't 'capitalism in practice' so much as a reflection of the moral considerations (or maybe lack of them) in the top executives who run a company. Profit-Max is not always and necessarily the trump card.
- nabla9 5y agoTop executives are not allowed to do moral considerations on issues this big. If Apple does not want to follow Chinese rules, they have to accept loss of more than 10% of their revenue and most of their future growth. There is no case where big international company is willing to cut their revenue 10% to do the right thing. They consider moral issues only in response to external pressure or because it costs very little. Companies are not immoral, they are amoral. Morality of hired executive morality does not matter.