Re:"Are US companies legally obligated to maximize profits f...
by HEmanZ on Friday February 17, 2023 @11:55AM
(#34837101)
I think we have such different understandings on how economics work we couldn’t have a intelligent conversation about this. Maybe that’s why this topic generates so much heat in some and confusion in others.
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Re:"Are US companies legally obligated to maximize profits f...
by rektide on Friday February 17, 2023 @01:01PM
(#34838061)
I dont think you've made your case very clearly for anyone. And you'be accused a lot of people of being difficult & problematic. Without having tried to make yourself understood.
I like a bunch of the gist of what you are saying, but I feel like most capitalism is bad capitalism, that the short-sightedness's prevalence is almost always outrageous & deserves the hate it attracts.
Organizations have extremely short reward loops. People come and go & dont try to do the right thing for next year, much less the next 5 years. Markets & investors punish poor quarterly reports. Maybe there's an idealized version of capital where folks can play it smart, but it doesnt seem to be happening on this planet.