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Corporate 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 ti
by mikeiz404 4y ago
Corporate 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]