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I think the point of this case is that they don't have to be moral at all. They penalise the company for doing bad things not because they think it's bad, but b
by golergka 2y ago
I think the point of this case is that they don't have to be moral at all. They penalise the company for doing bad things not because they think it's bad, but because they have financial incentive to do so.
- takinola 2y agoMarkets are not about morality. They are designed to allocate resources optimally. If you want moral outcomes, you would need to inject incentives that make those outcomes optimal for the market participants
- golergka 2y agoWhatever the incentives, they already decided to include DEI commitments into their obligations to shareholders.
- forgetfreeman 2y agoPoint of Order: markets are designed to make money, which is orthogonal to optimal resource allocation.
- deleted 2y ago[deleted]
- Nasrudith 2y agoAnd what is money but a proxy for the sake of resource allocation?
- forgetfreeman 2y agoExplain Enron.