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by heathrow83829
359 days ago
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I agree that companies who are monopolies (especially government granted monopolies) have a responsibility towards society. But this does not apply to companies that need to compete to exist. For example, if a restaraunt or airlines (highly competitive industry), did anything to reduce their competitiveness they would instantly loose marketshare. that doesn't work. which one is Microsoft? |
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> [the New Deal architect, A. A. Berle] argued that corporations should "serve ... all society" through legally enforceable rules
https://en.wikipedia.org/wiki/Berle%E2%80%93Dodd_debate
"profit is the only goal" is not a law of nature, it's the outcome of a specific system of laws.