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>it's about the ethics (!) of the companies A company doesn't have ethics. It's sole purpose is to make a profit.
by DeathArrow 2y ago
>it's about the ethics (!) of the companies
A company doesn't have ethics. It's sole purpose is to make a profit.
- rswail 2y agoThis is incorrect. Companies form for numerous different reasons, including a group of people needing a legal structure for investments, or to protect against liability, or for particular ventures. One of the primary outcomes that people want from corporate structures is profit, but that is not the structure's "sole purpose", either in law or practise. Corporate structures can't have ethics because they are not people (legal constructions of "person" vs "natural person" notwithstanding).
- elcritch 2y agoNope, a companies purpose is to fulfill it's charter. Profit is generally a goal of for profit companies, but they usually have others too. https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
- nickpsecurity 2y agoCapitalism is usually maximization of selfish gain. A business in any form maximizes the objective of its owners, often financial gain. However, they can be designed to or run for altruistic purposes or a mix of altruism and selfishness. Here's two types of companies not soley about the money: https://www.forbes.com/sites/jerrybowyer/2017/04/25/what-makes-hobby-lobby-a-christian-company-hint-its-not-a-greed-or-a-misogyny-thing/ https://www.forbes.com/sites/jerrybowyer/2017/04/25/what-mak... https://money.usnews.com/investing/articles/public-benefit-corporation-vs-b-corp-whats-the-difference https://money.usnews.com/investing/articles/public-benefit-c...