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> 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?

 help



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.


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

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

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.


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

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.




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