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> It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't. it is, for the agents of the shareholders. As long as the

• dozerly 11mo ago
  No, it’s not. The government, and laws by proxy, will never keep up with people’s willingness to “maximize shareholder value” and so you get harmful, future-illegal practices. Reagan was “maximizing shareholder value”, and now look where the US is.
  • chii 11mo ago
    you have to show this 'future-illegal' action is harmful first by demonstrating harm. That's why i used the sugar example - it's starting to be demonstrably harmful in large quantities that are being used. I am against preventative "harmful" laws, when harm hasn't been demonstrated, as it restricts freedom, adds red tape to innovation, and stifles startups from exploring the space of possibilities.
    • WalterSear 11mo ago
      > starting to be demonstrably harmful Starting?
      • testdelacc1 11mo ago
        Some say there is a link between calorie consumption and weight gain but we don’t know for sure.
        • ElFitz 11mo ago
          I thought they said it was all slow metabolism and lack of exercise, aka bad luck (genes) and laziness.
          • TeMPOraL 11mo ago
            No, obviously it's all just Not Eating Healthy. Calories are irrelevant, because Body Is Magic and Not As Simple AS "calories in, calories out".
    • auggierose 11mo ago
      I can understand that stance. The trouble is, with more power and more technology, more harm can be done, much quicker. This will become a freedom vs. survival issue, and by definition, freedom is not going to survive that.
    • andrepd 11mo ago
      Yeah, so the shareholder-value-maximisers will bury the studies that link smoking to cancer for decades, using whatever dirty tactics they can. What a way to look at the world...
      • deleted 11mo ago
        [deleted]
  • breppp 11mo ago
    and if the actions are deemed immoral by society then a few years later you will see regulation, PR issues or legal action See early 2000s Google as a model for a righteous company and public perception of it as evil and subsequent antitrust litigation today, or what happened to companies involved in Opioid trade and subsequent effect on shareholders value
• Andrex 11mo ago
  > it is, for the agents of the shareholders Shareholders are still human beings and the power they wield should be subject to public scrutiny.
• matkoniecz 11mo ago
  > > It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't. > it is, for the agents of the shareholders Even if we care solely only about shareholders, in extreme cases it is not beneficial also for them
• BriggyDwiggs42 11mo ago
  Legality doesn’t define whether it’s good or bad for humans or their society.