Re:"Are US companies legally obligated to maximize profits f...
by Arainach on Friday February 17, 2023 @11:42AM
(#34836917)
It doesn't account for externalities. It also doesn't distribute "value" equitably.
It's more profitable to dump waste in a lake than to clean it up. It's more profitable to hire children for 10 cents a day than adults for a living wage. It's more profitable to keep using ingredients even after they've started turning bad. None of these deliver value to society.
It's more profitable to dump waste in a lake than to clean it up. It's more profitable to hire children for 10 cents a day than adults for a living wage. It's more profitable to keep using ingredients even after they've started turning bad. None of these deliver value to society.