Re:American spy hacked Booking.com, company stayed silent
by elliekelly on Thursday November 11, 2021 @07:33AM
(#29187215)
It’s not necessarily about PR. Being nice is good business. The problem is being nice is good in the long term while being a greedy bastard generally pays more immediate dividends.
Re:American spy hacked Booking.com, company stayed silent
by mckirk on Thursday November 11, 2021 @06:34AM
(#29186866)
Any public company, perhaps. Private companies could decide to care about profit not as much and be genuinely 'nice' -- though the invisible hand would probably come along at some point and replace it with something more profit oriented.
Re:American spy hacked Booking.com, company stayed silent
by dgb23 on Thursday November 11, 2021 @07:25AM
(#29187161)
I find it unfortunate that the "invisible hand" is somehow seen as a real force of nature. It's a spooky, ideological term that implies some kind of simple generality describing a system that is everything but simple. Additionally it is used as a bad excuse for exploitative, oppressive or otherwise shitty behavior - which is ironic, because that is exactly the thing that is claimed _not_ to happen by definition.
There are real firms in highly competitive markets that have been doing well for decades or even more than a hundred years without putting the profit motive above everything else, but have favored long term stability, cooperation, servicing customers, respecting workers and so on.
Not disagreeing with you, but why is it a surprise to anyone? Any company that seems to be “nice” is only doing that as a good PR increases their profits, which depending on domain may be very important.