Originally posted by Patroklos
I think the propblem is that for some ungodly reason people assume buisnesses have social responsibilites.
There sole purpose is to make profit within the confines of the law. Alot of distrust is because recently they haven't been doing so in many cases (like .0001% overall). Buisnesses are only beholden to workers for what an employment contract says. If you sign one with a pension, you should get it. If you sign one without it, how is that the companies fault.
I think the propblem is that for some ungodly reason people assume buisnesses have social responsibilites.
There sole purpose is to make profit within the confines of the law. Alot of distrust is because recently they haven't been doing so in many cases (like .0001% overall). Buisnesses are only beholden to workers for what an employment contract says. If you sign one with a pension, you should get it. If you sign one without it, how is that the companies fault.
Quite the opposite, my dear Patroklos. Businesses are part of society and thus beholden to society's interest. They have duties just like any other member of society. If they want to stick around for the long haul, they have to co-operate. If they don't, they have to be watched very, very closely.
Unfortunately, in the 1980s a disease of precisely your mode of thought swept the US business world. Sensible business management was replaced with next-quarter-trumps-everything, all-divisions-must-be-self-profitable, try-to-turn-all-costs-into-externalities-so-that-someone-else-pays lunacy that's absolutely suicidal in the long run.
Worse, because managers now get business degrees instead of humanities and sciences degrees, the corporate world is increasingly being run by the blind who are relatively ignorant of both history and of physical realities of our world. Bah.
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