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Replace "corporate profit" with "social good", which is what it generally comes from, and then is it still sad? You seem to imply there's something wrong with
by sacrosancty 4y ago
Replace "corporate profit" with "social good", which is what it generally comes from, and then is it still sad?
You seem to imply there's something wrong with corporate profit. We as society want and encourage corporate profit because we want the social good that corporations provide and the profit incentivizes them to do it. Profit is a rough measure of how much good they do for people.
Profit is like salary for investors. Salary is fine for doctors and teachers, isn't it? It's also fine for investors which do the useful and difficult job of deciding which companies are doing the most good, then encouraging them to do more of it by investing money.
- mikeiz404 4y agoCorporate profit does not always lead to social good. There are lots of cases, especially when companies scale significantly and over a long enough period of time, where the profit motive leads to a decline in social good which is often seen in the form of negative externalities. > Profit is a rough measure of how much good they do for people. While this is true to a certain degree in many situations it does not capture the distribution of the “good” across people (is “good” given to 100 people equivalent to 100x that “good” enjoyed by one person?) and it does not take into account negative externalities. I’m not saying all profit is bad but I also don’t think, in the current system we have, that profit in and of itself is inherently good. Sometimes profit and social good are aligned and sometimes they are not.
- sacrosancty 4y ago[dead]
- gardenhedge 4y agoAh yes, the "social good" that is literally destroying our planet.