[brenschluss]

Profit motives are short-term optimization behavior (or game-theory maneuvering), pure and simple.

I don't believe in companies because they think in the short-term. The average life-expectancy for companies in the S&P is 18 years.[1] Over our lifetimes, we will see endless companies live and die, each only seeking profit for the next quarter, year, or decade.

Believing that the role of companies (and especially Silicon Valley businesses) should be profit-seeking without any thought to empathy is like shooting ourselves in the temporal foot. What should our long-term strategies be? What company is going to care about you when you retire, or be thoughtful about the next generation's well-being?

It's the most idiotic of strategies that would invest in a few long-term strategies (governments, cooperatives, (a few) non-profits) and almost all short-term strategies without thinking about how they balance.

[1] https://www.innosight.com/insight/creative-destruction-whips...