4 ms·
> It's his fiduciary duty to investors to choose the most profitable option even if that option is detrimental to society. Do you realize how insane this sound
by dreadnip 7mo ago
> It's his fiduciary duty to investors to choose the most profitable option even if that option is detrimental to society.
Do you realize how insane this sounds?
- deafpolygon 7mo agoIt does, but without regulatory oversight— this is how capitalism works.
- actionfromafar 7mo agoWithout regulatory oversight, capitalism doesn't exist. In fact, cannot.
- nandomrumber 7mo agoWithout regulatory oversight, what evolves[1] is exactly what we have now. 1. At least in our case. And China in its case, and Europe in theirs, and Russia in Russia’s.
- actionfromafar 7mo agoYeah, well, that's incredibly accurate. :)
- nandomrumber 7mo agoWhat I mean is: the current standard is the result of anarchy. We had anarchy, people decide they could do better, iterated, and came up with this.
- CrossVR 7mo agoI do, but that's the unfortunate reality we find ourselves in. It's why you should never trust a publicly traded company that promises to self-regulate, it is impossible for them to do so. If a CEO consistently passes up large profits to protect society then investors will attempt to put a new CEO in charge.