4 ms·
I think Gresham’s Law applies here. The main problem is that caring about the environment becomes a competitive disadvantage to your business when your competi
by LapsangGuzzler 3y ago
I think Gresham’s Law applies here.
The main problem is that caring about the environment becomes a competitive disadvantage to your business when your competitor doesn’t care and is willing to do anything to get ahead. Sometimes it’s fine if you’re a luxury brand trying incorporate sustainability into your brand, but that matters less in a B2B context.
The “bad” money inevitably beats the “good” money.
- sologoub 3y agoWhile it starts out as an ethical choice, it is ultimately up to the society to define the minimum acceptable standard and prevent the “bad” money from “winning”. Unfortunately, that societal will requires greater societal and ethical cohesion.
- LapsangGuzzler 3y agoThe problem is that “bad” money eventually accumulates to undermine the political system. We see this now with dark money in US politics. “Bad” money works to circumvent society altogether and is not interesting in participating in a societally-driven dialogue about what’s ethical and what’s not. If it did, there would be no dark money or influencing-peddling in the system.
- sologoub 3y agoThat position assumes that society is relatively dumb and can be dupped into anything given enough money is spent. While in short term some of this might work, long term people tend to “wake up”, sometimes too late. This is where various checks and balances are vital and society needs to constantly remind its young people that ends do not justify the means. Something we are definitely losing these days.
- andrepd 3y agoExactly. It's ridiculous to leave environmental protection to "the market". We need regulations that properly account for those externalities so that the market can do its thing.