Re:Predatory Behavior Runs Rampant in Facebook’s Addiction S...
by sorokod on Monday May 21, 2018 @04:40PM
(#17121654)
Some counter examples of hugely successful (not dumb) and completely immoral enterprises:
* The conquistador and later Portuguese ans Spanish empires "strip mining" the Americas
* Both East India companies (Dutch and British) "strip mining" India and south east Asia
* The slave trade and various industries it enabled (e.g. cotton and sugar)
* Colonial financial interests of the US in the Americas
Closer to our times checkout the "Friedman Doctrine": "There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
As to the "many famous capitalists" you mentioned, it doesn't really matter what they say but rather what the businesses they manage do.
* The conquistador and later Portuguese ans Spanish empires "strip mining" the Americas
* Both East India companies (Dutch and British) "strip mining" India and south east Asia
* The slave trade and various industries it enabled (e.g. cotton and sugar)
* Colonial financial interests of the US in the Americas
Closer to our times checkout the "Friedman Doctrine": "There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
As to the "many famous capitalists" you mentioned, it doesn't really matter what they say but rather what the businesses they manage do.