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That companies optimize for profit is afaik a pretty modern (1900+) phenomena. VC didnt do any good in that process. Companies should hold a responsibility for
by rspoerri 5y ago
That companies optimize for profit is afaik a pretty modern (1900+) phenomena. VC didnt do any good in that process.
Companies should hold a responsibility for it's owners, it's employees, it's customers and theyr envrionment (socially and environmentally) in equal parts. Unfortunately thats wishful thinking, especially with the multinational industries.
- nverno 5y agoCompanies/merchants have sought profit forever. It really doesn't seem much different at all in ancient Rome, for example [1], except everything was smaller scale - they sought capital investment and contracts for mining operations with the goal of squeezing as much profit out as efficiently as possible. 1. https://books.google.co.uk/books?id=m2kVDAAAQBAJ&pg=PA274&lpg=PA274&dq=roman%20mining%20companies&source=bl&ots=3J5rO4gRfZ&sig=lH9irjj3vCvsWlstbcxOz1RbA2w&hl=en&sa=X&ved=0ahUKEwjsyoT3197MAhViK8AKHWVoDGMQ6AEIbjAP#v=onepage&q=roman%20mining%20companies&f=false https://books.google.co.uk/books?id=m2kVDAAAQBAJ&pg=PA274&lp...
- hnbad 5y agoShould, sure, but it's a competitive disadvantage so if you want the free market as the fitness function, you'll end up with companies choosing profit over externalities like that.