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Operating under the assumption that companies provide no value to society, maybe. Otherwise this is extracting value from companies and then leaving society wor
by mtsr 3y ago
Operating under the assumption that companies provide no value to society, maybe. Otherwise this is extracting value from companies and then leaving society worse off.
These PEs are the locusts of the financial world.
- anovikov 3y agoThat's what we need to assume: companies usually are a detriment to society. I am more and more starting to see life as "you harm the world when you make the money; you benefit the world when you spend it". Hard to see opposite examples. They seem to be more like exceptions than happen when things didn't go according to plan for the companies.
- yterdy 3y agoIt's almost as if the coming-together-to-complete-a-mission that is a business has a raison d'etre other than profit (and, particularly, returning profit to investors), or something.
- konschubert 3y agoProfit is a great incentive. All sides can profit. Life is positive-sum.
- yterdy 3y agoClearly not. This is wishful-thinking.
- bhelkey 3y agoChevrolet harms the world when they make bolts? Starbucks harms the world as they sell coffee? Plumbers harm the world when they fix clogged drains?
- bee_rider 3y agoFor the first two the answer is clearly yes, but the things are useful/enjoyable. Fixing a clogged, depends on how they do it I guess.
- JeffSnazz 3y ago> companies usually are a detriment to society Companies are all we have for a society in this country; decades of liberalization, mobile work forces, and commodification-as-identification have ensured that.
- mjjjjjjj 3y agoProfit is value extracted from society. Sometimes it is used to create further value in other ways, sometimes it is used to extract further value.
- refurb 3y ago> Operating under the assumption that companies provide no value to society, maybe. If the company is going under, it's value to society is questionable.