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If all those companies acted within the bounds of law, then is it the companies fault for producing a product that the customer wants? We should stop expecting

If all those companies acted within the bounds of law, then is it the companies fault for producing a product that the customer wants? We should stop expecting morality from companies. A company is nothing more than a mechanism that optimizes for profit. We, the customer and the regulatory bodies, create the field in which the company optimizes. If we think that something is wrong with the products created by those companies, then it's up to us to not reward those companies. There are two layers to this: - First: The customer does not buy products and/or services they do not value. - Second: Regulatory bodies protect customers against companies that offer a product that they find hard to decline. Think about gambling, addiction, health effects, etc. The big issue however, is that companies have infiltrated this layer of regulatory bodies, rendering them incapable. We need to find a way to expel corporate interests from regulatory bodies and v.v. They can only function when they are not contaminating each other.

avgcorrection 3y ago
> If all those companies acted within the bounds of law, then is it the companies fault for producing a product that the customer wants? [...] The big issue however, is that companies have infiltrated this layer of regulatory bodies, rendering them incapable. Did you set out to answer your own question?
- willy_k 3y ago
  Well, that’s what you do with rhetorical questions.
carlosjobim 3y ago
When you write "corporate interest", I interpret that as well as "business interest" or "market interest", is that correct? I think the great difficulty is that you'd be hard to find the specialists to write the regulation or approve regulation, that haven't come from the business world and aren't going to the business world. The in-depth knowledge needed to make fair and effective regulations can usually only come from real-life experience from the business side of things. Unless you can find exceptionally interested and honest people - who manage to have interest in an industry without wanting to go into it themselves. Therefore, I think the more simple regulations are, the better. So that honest and intelligent lawmakers without complete industry saturation can make decisions.

avgcorrection 3y ago

> If all those companies acted within the bounds of law, then is it the companies fault for producing a product that the customer wants? [...] The big issue however, is that companies have infiltrated this layer of regulatory bodies, rendering them incapable. Did you set out to answer your own question?

willy_k 3y ago
Well, that’s what you do with rhetorical questions.

carlosjobim 3y ago

When you write "corporate interest", I interpret that as well as "business interest" or "market interest", is that correct? I think the great difficulty is that you'd be hard to find the specialists to write the regulation or approve regulation, that haven't come from the business world and aren't going to the business world. The in-depth knowledge needed to make fair and effective regulations can usually only come from real-life experience from the business side of things. Unless you can find exceptionally interested and honest people - who manage to have interest in an industry without wanting to go into it themselves. Therefore, I think the more simple regulations are, the better. So that honest and intelligent lawmakers without complete industry saturation can make decisions.