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There is no good company, they are all just profit-maximizing paperclip machines - they just put different weights behind the public opinion on them. E.g. Nike
by kaba0 3y ago
There is no good company, they are all just profit-maximizing paperclip machines - they just put different weights behind the public opinion on them. E.g. Nike will put up a BLM logo not because they care, but because based on their calculations, it brings in more money. Some oil or logistics company won’t, because the average Joe doesn’t even know about them, and another company looking to minimize costs in general don’t decide on their partners based on that.
In Valve’s case, it pays them to have this “good guy” look - some other stores try different strategies, but overall we really should never put personalities behind companies. They all are lawnmowers.
- xtracto 3y agoPeople need to understand this I buy several ETFs. I dont give a crap about the companies each etf is composed of. And I care less about how good or bad the company is with their environment, society or whatnot. The only thing I care about my set of ETFs is how profitable they are. If one of them stops giving me profits, I'll sell it, contributing to de downward trend of the etf and its underlying stocks. Social, environmental or other aspects do not play in capitalism.
- sumuyuda 3y agoValve operates quite differently from publicly traded companies that must see infinite growth to appease the investors.
- circuit10 3y agoIt is important to take these things into account when deciding who to buy things from because we need to put pressure on them to do good things