[dreadnip]

> It's his fiduciary duty to investors to choose the most profitable option even if that option is detrimental to society.

Do you realize how insane this sounds?

[CrossVR]

I do, but that's the unfortunate reality we find ourselves in. It's why you should never trust a publicly traded company that promises to self-regulate, it is impossible for them to do so.

If a CEO consistently passes up large profits to protect society then investors will attempt to put a new CEO in charge.

[deafpolygon]

It does, but without regulatory oversight— this is how capitalism works.

[actionfromafar]

Without regulatory oversight, capitalism doesn't exist. In fact, cannot.

[nandomrumber]

Without regulatory oversight, what evolves[1] is exactly what we have now.

1. At least in our case. And China in its case, and Europe in theirs, and Russia in Russia’s.

[actionfromafar]

Yeah, well, that's incredibly accurate. :)

[nandomrumber]

What I mean is: the current standard is the result of anarchy.

We had anarchy, people decide they could do better, iterated, and came up with this.