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That's still profit maximizing. If they can't argue the "moral" decision on profit rationale it's illegal. LLCs are amoral by design. It can be argued that thi
by jampekka 3y ago
That's still profit maximizing. If they can't argue the "moral" decision on profit rationale it's illegal.
LLCs are amoral by design. It can be argued that this amorality can result in good outcomes when e.g. regulated proprerly. But that doesn't make the LLCs themselves moral actors.
Mistaking companies for moral actors results in folly like letting them regulate themselves.
- philipov 3y agoYou are arguing against a strawman. No one ever said that corporations are moral actors. You said that companies are not allowed to have a mission other than chasing profits. As has already been pointed out, OpenAI is not a for-profit corporation. These are a thing that really exists, and as the name implies, they are not obligated to show any profits. You are also conflating 3 things: Profits, The Best Interests Of Shareholders, and The Value of the Corporation. These are all distinct things, not synonyms. The thing that the corporation will consider to be the value it maximizes is something you will find in its prospectus. The prospectus is what lays out the promises the corporation makes to its shareholders. Nonprofit corporations specify their mission, and while their officers are still expected to act as good fiduciaries, this does not mean maximizing profit.