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It's hard to blame the companies, if a company needs investors the investors are usually going to prefer/demand increasing profits and growth instead of ethical
by prometheon1 5y ago
It's hard to blame the companies, if a company needs investors the investors are usually going to prefer/demand increasing profits and growth instead of ethical behavior in exchange for the investment. It would be nice to be able signal with an investment that you are not looking for max. profits, but for max. ethical behavior with marginal profits.
When I researched ethical funds it looked like the best (and almost only) organization giving these signals is Triodos[0] but it is not available in all countries.
How could we solve this issue?
[0] https://www.triodos-im.com/funds/individual https://www.triodos-im.com/funds/individual
- imtringued 5y agoIf your company makes losses people will sell shares to hold money that is guaranteed to earn 0% interest. When you think about how money is just an accounting mechanism where all value and physical capital is created by working people whose time on this planet is limited you will notice that something is fundamentally wrong about our economy in a way that gives no room for ethics.
- prometheon1 5y agoThis makes it sound like there are only 2 options: maximizing profit while disregarding ethics or losing money. Isn’t there another option? For most businesses it should be possible to be profitable and ethical at the same time, profit will not be as high as it could be but that’s ok for me and I’m sure there investors who agree (maybe not a lot).