|
|
|
|
|
by moozooh
112 days ago
|
|
Sadly, market incentives pretty much always go opposite of moral incentives because morals put breaks on decisions that multiply value for the company but the company itself exists for multiplying value. The profit motive is built into the reason for its existence. It's a contradiction that has a lower probability of resolving in favor of morals as the company grows in size and accrued capital. Whichever moral principles the leadership may have had at the beginning, they always erode or get perverted over time simply because the market always has a stronger pull. I hate that, by the way, but what I hate even more is that this is somehow the most effective way to run economies that we've found so far, and it ends up this way because instead of unsuccessfully trying to safeguard against greed and sociopathy, it weaponizes them outright. |
|
Companies exist to create customers. Everything else follows that. There is no value, no profit, not growth, no action whether moral or immoral, unless you have a customer.
Market incentives by themselves don't tend management decisions towards immorality, unless you've created immoral (or amoral) customers, or you've accepted capital from immoral (or amoral) investors.
It always comes back to people. If your customers or investors are some level of evil (or some degree of amoral), then you as a corporation probably are going to wind up being some level of evil or amoral.
It's up to management and majority ownership to steer those as appropriate... are you're willing to take money from anyone? There's a useful but dangerous veil of ignorance that raises with scale & ubiquity, such as commodity or public equity/debt markets. The resulting anonymity requires diligence from the company, such as Know Your Customer / KYC , and clear statements of the principles & laws of the corporation in its prospectus to attract the right fit of investor... and a backstop of government regulation to encourage or require these minimum standards of behaviour.