3 ms·
This is exactly the problem. Most companies put 90 plus percent of their effort towards maximizing profit once they go public. Your reason for existence as a co
by hallway_monitor 4y ago
This is exactly the problem. Most companies put 90 plus percent of their effort towards maximizing profit once they go public. Your reason for existence as a company is to serve customers and provide for employees, not only to make money.
Besides regulation for some industries, societal pressure and norms were the means of keeping companies in check in the past it seems. Boycotts would still work if people coordinated and cooperated on a massive scale.
- pessimizer 4y agoBut this is the same argument that the companies make, and they start foundations and think-tanks to write papers and do press releases against the stuff that they themselves do. Companies are here to make money doing risky things. They (nominally) do this for the government, because the government wants to do things that are risky, but also wants to last forever, so it needs to offload the risk where it can. In return, they get limited liability, and often subsidy. It's the government's duty to set limits on what they should be doing. Any effective social pressure should be directed towards the responsible government decision-makers. Attacking companies directly is for emergencies and immanent danger. Also, companies have access to a lot of tools that we try to make it illegal for governments to use (although they do anyway, but sometimes it's stopped and sometimes it doesn't hold up in court.) They can look at everyone influential in your movement, find the most morally flexible and charismatic of them, then indirectly finance them and inflate their social media metrics - then hire them or put them at the heads of foundations. They can look at the others and pay people to troll them all day, get their ex-husband to file for full custody of their children and pay the lawyer, and get articles in the Atlantic about how they may have plagiarized their dissertation. It's a delusion that everything can be solved by slavishly imitating the early struggle for black civil rights in the US. Black civil rights weren't even improved by that movement directly, they were improved indirectly through white people watching the movement get absolutely brutalized, jailed, and murdered, and feeling ashamed. [edit: and also by the energy of young white men who feared the draft, and that fear made them feel like they were black people.] Corporate CEOs aren't going to be ashamed, and if they get ashamed, they'll get replaced. The funds that you've invested your own retirement into will be the ones whose pressure replaces them, too. Your mouth will be moving the CEOs heart, while your wallet is getting them fired.