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0 pointsdougmwne6y ago0 comments

The sp500 market cap is 24 trillion USD. It definitely sounds easier to legislate better corporate citizens than to spend at least 12 trillion buying them out, if it were even possible.

0 comments

stale20026y ago

My only point that I am making is that this idea of "corporations have to maximize profits" is false.

Shareholders own the business. And they can do what they want with it.

It is a total lie to say that they "have" to maximize profits.

j / k navigate · click thread line to collapse

0 pointsdougmwne6y ago0 comments

The sp500 market cap is 24 trillion USD. It definitely sounds easier to legislate better corporate citizens than to spend at least 12 trillion buying them out, if it were even possible.

0 comments

stale20026y ago

My only point that I am making is that this idea of "corporations have to maximize profits" is false.

Shareholders own the business. And they can do what they want with it.

It is a total lie to say that they "have" to maximize profits.

j / k navigate · click thread line to collapse