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by jacobolus
5755 days ago
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> The theory behind free market capitalism is that enough companies doing the same will average out to the best results. You left out the part about how this only works if (a) the market is actually “free” and “competitive” (what this means is a complicated topic beyond the scope of this text box), and (b) the interests of the company and the interests of the broader society are aligned. (Which is why we have all sorts of specialized regulation of companies, various kinds of guaranteed rights attached to consumers and contract-signers and so on, a court system, and ultimately elections). In the specific case of Microsoft in the 1980s and 1990s, they clearly were not. The idea that Microsoft’s corporate strategy embodied some kind of Adam Smith small-firms-in-a-competitive-market ideal is hogwash. Notice that Microsoft’s actions were found to be illegal in several court battles. It is definitely not a company’s fiduciary duty to break the law. |
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