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by tkfu
1235 days ago
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This is one of those worldviews that seems to be common among US-Americans, but sounds totally bizarre from an outside perspective. You say "If you don't want to live in that world, start your own startup, hire people, and never fire them.", but why should that be my course of action instead of working collectively to make sure that companies' decisions are driven by all stakeholders--owners (shareholders), employees, customers, and regulators to the extent that the company's actions generate negative externalities. Why should that be my course of action instead of advocating for change, and expressing my displeasure and outrage when large companies act in ways that I would never accept from a human being with empathy? Yes it's my business, because I live in the world, in a society, and everyone who lives in a society is affected by everyone else. I was really fascinated to learn that most North Americans never even encounter the concept of ordocapitalism/ordoliberalism in their basic economics courses. Somehow, a concept of capitalist economic organization that has been the recipe for success for the creation of most successful economic turnaround in modern times is just...ignored? |
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The beauty of America is you can do my suggestion (make your own startup, run it without firing people), but in other places where layoffs are illegal, you can't do the opposite suggestion (make your own startup, fire people). Let the best idea win! But you seem to be endorsing a world where you don't want the best idea to win, you want the state to enforce a particular idea that makes you feel good.
If you are free to run a company however you want within the bounds of the law, but only one type of company emerges, maybe there is a reason for that.