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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.

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