Comment on YSK: Regulations don't exist because governments like them...

Shanmugha@lemmy.world ⁨1⁩ ⁨week⁩ ago

• killingspark@feddit.org ⁨1⁩ ⁨week⁩ ago

  The concept of responsibility that hard to grasp?

  For companies that seems to be case yeah

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  • Shanmugha@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Right. And how does capitalism have anything to do with it?

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    • killingspark@feddit.org ⁨1⁩ ⁨week⁩ ago

      And how does capitalism have anything to do with it?

      Oh that’s a rhetorical question right?

      Under capitalism companies have one and only one responsibility: making the most profit from the capital invested in them. This means that the responsibilities of all employees, even/especially those deciding how the company should act, are driven by this directive. A CEO would not be fulfilling their responsibilities to the shareholders if they made decisions that lower their profits without being forced by law to make those decisions.

      companies do not exist. Humans do

      Companies forwards their directive of maximizing profits to the humans that are employed by these companies.

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      • Shanmugha@lemmy.world ⁨1⁩ ⁨week⁩ ago

        No, that’s not a rhetorical question. The “profit above all else” you have described is a bullshit tracing back to this: en.m.wikipedia.org/wiki/Shareholder_primacy

        And again, there is no such thing as “companies direct responsibility”. Humans do

        So once again, what does capitalism has anything to do with people being absolute morons?

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