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by gaius 3298 days ago
I think the general trend in business is to squeeze out as much from a customer now and worry about consequences later

No large company can see further ahead than the next quarterly earnings report.

1 comments

True for companies in commodities but not all companies (ex. AMZ, GOOG, MSFT --they take longer views) and then you have state underwritten companies, or reporting regimes are different (CN, JP, etc.)
Ultimately, it comes down to the attitudes of shareholders. There are two major competing trends in this respect.

On the one hand, the shareholder value movement has done immense harm to the long-term planning of businesses by focusing fanatically on quarterly profits. At its worst, this turns into corporate raiding and asset stripping.

On the other, an increasing proportion of equities are held by tracker funds; Vanguard are largely indifferent to the performance of any one company, as long as the market as a whole keeps growing. The entire business of index tracker funds is predisposed upon stable long-term growth.

It's an interesting concept but I think the application would be troubling. Corporate responsibility is a system that's not particularity well suited a tool for spiritual or emotional guidance at an automated level. You can argue it is the very culprit for increased anxiety in the face of an automated workforce, and an escalating competitive workforce intellect amongst the population at large.

tl'dr You recharge you batteries in life a number of healthy and natural ways.

There are also privately-owned companies, for example with IKEA supposedly them moving heavily into Russia was just because Kamprad thought it was a good idea. It went horribly at first but they stuck to it and eventually it paid off.