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It didn't poison us at all, it's meaningless. Not a single one among the millions of societally-damaging decisions made by companies in the pursuit of profit ev
by deaux 1y ago
It didn't poison us at all, it's meaningless. Not a single one among the millions of societally-damaging decisions made by companies in the pursuit of profit ever since that case, was made because of that case. A. It doesn't mean companies have to maximize shareholder wealth. B. Even in the scenario that it did, it doesn't set a time horizon for this maximization C. Anything can be construed as being good for companies in the long run. And this is why no company ever gets prosecuted for it - it's a total non-factor.
As I write this, you're right, it has poisoned us; it has mistakenly made a number of laymen believe that this is one of the reasons why greedy, evil psychopaths such as Mark Zuckerberg and tens of thousands of lesser known names, behave the way they do, that law is to blame for their decisions.
- jkestner 1y agoYou’re right, and I could be more precise. It’s poisoned the narrative to give business psychopaths cover. That only works as long as people believe the law will hold them accountable, which the CEO of UnitedHealth discovered is no longer true.
- ratelimitsteve 1y agoI mean, when the state prosecutes a case it styles itself "The People". Maybe the idea that justice can, should and must come only from The People isn't entirely frippery.