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by dismalaf 28 days ago
> capitalism finally sinks its claws

Capitalism has nothing to do with short term greed.

Some CEOs are just too arrogant and think that optimizing for the short term won't hurt goodwill. That's their own failure. Capitalism says nothing about how a business should be run. It's merely defining the idea that humans who own things (capital) allocate their resources and keep the result.

1 comments

I think they know it'll hurt goodwill. I think they don't think they have to care what other people think about them. I think they think they're too big to fail.