4 ms·
Generally I agree. I don't know why we expect companies to be angels either. Personally I'm okay with "fiduciary responsibility" and the role of government is t
by throwaway894345 5y ago
Generally I agree. I don't know why we expect companies to be angels either. Personally I'm okay with "fiduciary responsibility" and the role of government is to align incentives. Of course, morality and culture are still important (e.g., managers should still see themselves as providing good employment for their communities, etc), but without aligned incentives the former are swimming upstream.