4 ms·
If private firms are only beholden to the profits of their shareholders (i.e., the way modern capitalism is mostly structured), I agree with you and I think tha
by whakim 4y ago
If private firms are only beholden to the profits of their shareholders (i.e., the way modern capitalism is mostly structured), I agree with you and I think that's what we're seeing here: Facebook dissolving this team because they believe the costs (to them) outweigh the benefits (to them). That being said, I think this entire structure is arguable: why are private firms only beholden to shareholders when they're built on the back of public resources: infrastructure, education, talent, laws, knowledge, etc.