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> The morally correct thing is always the better thing for shareholders in the long-run Are you asserting that this is the case in reality, or that we should s
by BeefySwain 5y ago
> The morally correct thing is always the better thing for shareholders in the long-run
Are you asserting that this is the case in reality, or that we should strive for a society and economic system in which this would be true?
- sam0x17 5y agoBoth. I think that when corporations do exploitative things, they are being short-sighted, and will eventually suffer in the long run. And really what I would advocate for is stricter regulations so we don't have to rely on the good will of corporations in general. Their track record is terrible.
- kernoble 5y agoThe thing is this "long run" is a hypothetical for investors and their finite lifetimes and finite windows of return. Companies aren't accountable to some infinitely long running algorithm or timeless dynasty of shareholders, they are accountable to living breathing greedy humans who want to make a buck NOW, not when they are dead or for their heirs.
- sam0x17 5y agoRight, hence we need to regulate the hell out of them.