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A comment on "Are US companies legally obligated to maximize profits for shareholders?". Parent comment

Re:"Are US companies legally obligated to maximize profits f... by rubyn00bie on Friday February 17, 2023 @11:15AM (#34836485)
This is pretty much what heterodox economics is all about. Veblen hits on this with the theory of the leisure class (I think? I my heterodox knowledge isn’t as good as it once was). Heterodox economics is probably the least known category of economics, but arguably one of the most important. That importance is because it helps us think about our motivations and reasons not just quantitative results (I do love quantitative results, tho).

Most folks don’t even know money wasn’t really used until the like 1500s. The wealthy bartered and used coins as a sign of wealth, using them (coins) was typically faux-pas. And even then, the church hated money because it stripped them and the monarchy of power…

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Re:"Are US companies legally obligated to maximize profits f... by naasking on Friday February 17, 2023 @12:07PM (#34837287)
> Most folks don’t even know money wasn’t really used until the like 1500s

Do you mean in Europe? Pretty sure money has been used quite a bit in many other places.

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Re:"Are US companies legally obligated to maximize profits f... by rubyn00bie on Friday February 17, 2023 @02:31PM (#34839216)
> Do you mean in Europe? Pretty sure money has been used quite a bit in many other places.

I mean pretty much everywhere. Money wasn't used the same way it is today, and it wasn't until the 1500s that really emerged as a result of the Dutch being prolific traders. Coins existed but money wasn't spent, or used, like it is today... Barter was the primary way for people, both rich and poor, to acquire goods.

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