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It’s a symptom of decades of gutting regulations. Next time you hear corp talk about how regulations make x unaffordable, look for the real incentives and bene
by rapind 3y ago
It’s a symptom of decades of gutting regulations.
Next time you hear corp talk about how regulations make x unaffordable, look for the real incentives and benefactors of gutting that regulation.
- wredue 3y agoIncidentally, never believe tales of “we can self regulate!” If they had any intention of self regulating, they wouldn’t be spending billions to get rid of regulation.
- beezlebroxxxxxx 3y agoI think it's even broader than that. An entire corporate philosophy has arisen that insists that mindlessly searching for profits and shareholder value over everything else will actually be better for everyone, employees and public included. This insulates them from criticism by insinuating that maximizing profits and shareholder value is a moral imperative - if you're against them then you're against the mutual uplifting of everyone through corporate benevolence. It turns out, however, that it's really just better for the execs, who conveniently just so happen to also have their compensation tied to the share price.