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by munificent
2104 days ago
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I hate this attitude that treats corporations as having zero responsibility beyond what they are legally mandated to do. Yes, it is an observable fact that corporatism and market economics incentivize corporations to behave that way. But it is an unjustified leap to turn that into a moral claim that it is ethically acceptable for that to be true. People are incentivized to commit package theft in the US today. The odds of being caught and prosecuted are very slim, and the upside is you get free stuff. As an economic action, it is very market efficient: low barrier of entry, large number of "sellers", few cabals or controls over prices. There definitely isn't perfect information on products, but given that the cost is near-zero, that doesn't matter much. As a business, "package theft" is a great one to get into, and the market highly rewards you for doing so. However, we correctly consider people who do so as despicable shitwads who rightfully earn our scorn and condemnation. We publicly shame them, and certainly don't want to hang out with them and count them as friends. We should do the same with businesses that do morally harmful acts, regardless of whether the act is technically illegal or incentivized by market forces. It is certainly the business's fault when they do a shitty thing. They have fully agency in the choice of whether or not do so. |
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We can talk about the ethics of the actions of corporate decision-makers, but only while keeping in mind that structural incentives mean that decision-makers who sacrifice the narrow interests of corporate investors for ethical reasons beyond the constraints forcibly externally imposed on corporations are likely to, over time, be replaced by those who do not.
If you want corporations to act consistently with some view of ethics, you aren't going to do it sustainably by moral persuasion directed at decision-makers, but only by shifting the structural incentives.