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I am unsure of your reasoning that private companies have any incentive not to absolutely destroy the thing they are exploiting. It's exceedingly rare for any q
by stuntkite 5y ago
I am unsure of your reasoning that private companies have any incentive not to absolutely destroy the thing they are exploiting. It's exceedingly rare for any quarterly growth based company to not do whatever to maximize profit in 3 months. Good examples might be the ocean being on fire recently, leaded gas, the tobacco industry, the sugar or corn industry, oil and gas (obviously), facebook, cable news, the panama/paradise papers, or Ticketmaster.
- trompetenaccoun 5y agoTo take your obvious oil and gas example, it would be like them setting their own wells on fire. Oil companies are very keen on avoiding this, the same way a space company would try to avoid trashing earth orbit because that would destroy their business.