2 ms·
I would say its pretty simple. It comes down to the business model that got someone rich. If the business model is aligned with customers and has positive exte
by Nevermark 5y ago
I would say its pretty simple. It comes down to the business model that got someone rich.
If the business model is aligned with customers and has positive external impacts on society, generally even selfish moguls will act in a way beneficial to everyone.
If the business model is in any way significantly misaligned with any of its stakeholders, or incurs external costs, the richer it gets, the greater the incentive and growth dependency on doing more worse things, ignoring or hiding damage, be deceptive, etc.
I am looking at you Mark Z. :(