and long as laws, rules, regulation supports it many people/corporation will always choose profits over ethics and its not a broad generalization but a natural instinct in my opinion. And you can also buy prestige just by throwing cents in name of philanthropy right?
I hate it but this is how natures works and its too cruel.
> and long as laws, rules, regulation supports it many people/corporation will always choose profits over ethics
Many is a key word here. Many will, but many will not. And how many do is definitely a function of culture. As shown by the big difference in attitude to this question between the US and Europe.
That’s what a business is. Greed is good, it drives people to do great things and create amazing products. If company A cared less about profits and more about society, it would lose out to company B who cares only about profit and market share, before eventually company A withers and dies and all we are left with is company B.
It’s the role of government to curtail greed and industry actions. The current climate is caused by a a failure of government to step in and intervene, not by the industry caring about profit above all else.
I don't think you can argue with Gordon Gekko " that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit..."
And btw this forum is hosted by one of the most prominent venture capitalist firms in Silicon Valley which funds thousands of (promising) capitalists.
That's what America is about, greed,
the pursuit of happiness, whatever you call it, everything else is noise.
>That's what America is about, greed, the pursuit of happiness, whatever you call it, everything else is noise.
The pursuit of happiness is not greed. What qualifies as 'happiness' is entirely up to each individual, and for many people that doesn't include being greedy.
well as the success of the US economy shows, those greedy capitalists create millions of jobs and goods and increase overall "happiness" of millions (of perhaps less greedy) people.
Greed and free markets make for a healthy society.
As a counter-example see what happened with the Soviet Union, I can tell you first hand that didn’t work very well. Demonizing "bourjois" values of private property and prosperity, while fetishizing the “common good” and all-controlling government made the entire society very unhappy (except for a few fat bureaucrats) and led to its eventual collapse.
I absolutely can argue with Gordon Gekko. His "philosophy" is intended to be a caricature of what's wrong, not a serious position.
> "Greed... captures the essence of the evolutionary spirit..."
But see, we don't want the evolutionary spirit. We want our kids to be able to play in the park without worrying about the survival of the fittest. We want cures for diseases. We want social safety nets. We want to live in a civilization, not in a "state of nature"; we want to be humans, not animals.
>>The current climate is caused by a failure of government to step in and intervene, not by the industry caring about profit above all else.
>No, it's both. Full stop.
disagree. it's the job of government to add legislation. not having rules, then acting surprised when things don't go the way you want is asinine. if you want people to act in a particular way, spell it out. Don't act like it's implied and be outraged when people don't abide by your imaginary rules.
This presumes there's an universal definition of asshole/unethical that everyone agrees on. You might think paying workers minimum wage is asshole/unethical, so you pay above it even though it's above market rate. Other business owners disagree and undercut you, causing you to be driven out of business. You think they're assholes and fume in your head about how evil they are, but they think nothing's wrong and you're just a bad businessman. Is it fair to denounce them for the way their acted, because their morals don't match up with yours?
There will always be people who are willing to be assholes for money. Yea they're an asshole, but they're not actually making things worse since there are plenty of people ready to replace them.
You must be joking, because people who believe that greed is good are exactly the same ones who believe the government should not be imposing rules and everything should be left for the markets to decide.
Of course there are downsides to greed, but as a driving force of human action it's good because it's relatable, identifiable, and can be regulated. Society gets to dictate how much greed is okay, not private industries. We decided long ago that killing out of greed is bad for society, so that's why we punish murder. The same thing with stealing, fraud, etc. In a complete vacuum you would no doubt have companies killing competing CEOs or destroying a competitor's property or lying constantly, but we don't live in vacuum. We live in a society curtailed by laws and regulations. So far we have had very little pushback against addictive apps, that will soon change.
No - just because you're a predicatable asshole doesn't make you not an asshole. I don't disagree that whenever possible we should create laws that prevent selfish behavior from being a winning move but the economy moves quickly and exploiting new economic ideas for greed is still a dick move.
I bought more after a stop loss sale. I was a strong bull for a while basing on where I spend my advertising dollars.
I spent like at least 60% of my clients money on FB (before CTV scaled). Now CTV is eating more budget AND I'm really feeling the iOS changes.
I think the ad market will sort it self and value out but this month has been bad and all over the place. For instance targeting small non-profit donor lists isn't as effective but for some reason I'm having some success just targeting everyone over 45 (a non-profit ask, prob won't work as well for a Democratic ask).
I also see a ton of tik tok videos reposted with logo and everything on IG.
Still a bull but I am concerned and unless they get a new platform or immersive reality/ar takes off I don't think there is room for huge exponential growth anymore. Significant incremental 100% though IMHO.
But who am I opinion doesn't matter, my ad buying experience is only one tiny anecdote. I'm small in both spend and my investments - only recently became better at saving vs spending. Though my dad put in more than I could a bit after IPO and has bumped his retirement considerable