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takinola
693 days ago
Markets are not about morality. They are designed to allocate resources optimally. If you want moral outcomes, you would need to inject incentives that make those outcomes optimal for the market participants
2 comments
golergka
693 days ago
Whatever the incentives, they already decided to include DEI commitments into their obligations to shareholders.
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forgetfreeman
693 days ago
Point of Order: markets are designed to make money, which is orthogonal to optimal resource allocation.
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Nasrudith
691 days ago
And what is money but a proxy for the sake of resource allocation?
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forgetfreeman
688 days ago
Explain Enron.
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