• Lasherz@lemmy.worldM
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    9 days ago

    It doesn’t have to, similar to how an all powerful ruler doesn’t necessarily have to be totalitarian, it could be better… it just chooses not to, and ironically our economy chose for it not to. There’s something very sick to me about investing in a company doing good things for the world and then being told by new management of that company that stock holders aren’t getting the returns they should and so their fiduciary responsibility would be to cut “unneeded jobs” slim process waste, expensive eco friendly packaging, and otherwise veer towards efficiency and maximum return instead of world impact.

    It seems like the moment a company goes public they become the same as everyone else. I think the laws around public ownership have gotten the wrong idea from people who directly trade stocks, who are traditionally far worse people than those would would look at a list and choose that one for mitigation of harm. By design? Or just the natural result of an expanding work week with a million things competing for our attention?