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It's not a myth. The person you are replying to did not say that corporate law requires companies to prioritize profit. Coroporations need to prioritize profit

It's not a myth. The person you are replying to did not say that corporate law requires companies to prioritize profit. Coroporations need to prioritize profit because that's what they're for. Whenever it looks like a company is not prioritizing profit, what you're seeing is the employees and owners of a corporation using it as a tool to express their personalities and preferences. This is usually not good, it is corruption. There's no reason to think that the personalities and preferences of arbitrary employees and owners are good, or that they would tend to do good things. The idea that companies have moralities, and that besides bringing in profit they also have some hazy duty to do things that I agree with personally is the myth. It's self-regulation propaganda. It's better to just have rules that keep companies from doing the things that we don't want them to do, instead of hoping that they will suddenly realize that money doesn't buy love, and that the only important things in life are health and family. That's not what they're for. That's what you're for. They're not real people.

wizzwizz4 2y ago
> Coroporations need to prioritize profit because that's what they're for. I disagree. Corporations do things (e.g. provide goods and services): that's what they're for. The whole "money" thing is just a means-to-an-end: a system of accounting to allow the corporation to continue to do what it's supposed to do. Money, after all, is inherently valueless: it's only worth anything because it can be exchanged for goods and services. If powerful entities exist solely for making money, we risk the economy becoming completely decoupled from anything that actually matters.
- tcfhgj 2y ago
  > If powerful entities exist solely for making money, we risk the economy becoming completely decoupled from anything that actually matters. welcome to reality

wizzwizz4 2y ago

> Coroporations need to prioritize profit because that's what they're for. I disagree. Corporations do things (e.g. provide goods and services): that's what they're for. The whole "money" thing is just a means-to-an-end: a system of accounting to allow the corporation to continue to do what it's supposed to do. Money, after all, is inherently valueless: it's only worth anything because it can be exchanged for goods and services. If powerful entities exist solely for making money, we risk the economy becoming completely decoupled from anything that actually matters.

tcfhgj 2y ago
> If powerful entities exist solely for making money, we risk the economy becoming completely decoupled from anything that actually matters. welcome to reality