Hacker News new | ask | show | jobs
by betageek 3082 days ago
That's an optimistic view, but think (late) capitalism is realising that it's putting it's own short term profits in jeopardy, and it's just good business to recognise that.

It's pretty obvious there's a growing wave of consumers that are realising that capitalism may be out of control in regards to social issues like the environment and workforce exploitation, and this can have a real and immediate impact on the companies profits and stock price if uncovered - Volkswagen lost 64% of it's value in a few months after the emissions scandal and profits were down 20%. The likelihood that corporate misdeeds are uncovered is only increasing as whistleblowing and hacking become more common.

People seem to think protecting shareholder value only involves growing the company by any means necessary - this was always a ridiculous idea, some growth choices put the whole company at risk, this seems like a nudge to remind companies of that.