If the company has a monopoly...
Someone want to explain to me why a company seeking to maximize their profits is a bad thing?
Slavery was more a case of protecting fixed assets not maximizing profit.So was Slavery bad? was it a bad thing that Slave owners wanted to keep their slaves? After all if it is done to maximize profit then its ok right?
Just maxing out profits at any cost is not a moral argument to do what ever you want and treat your workers how ever you want, or even your customers.
Child labor is cheap, so is Prison labor in China, sweatshops make good money, Drug Dealers also try to maximize profits, so do Pimps. The Catholic church maxed profits by hiding sex abuse claims as long as they could.
Lots of Very rich people maxed Profits in the Great Depression, the banking collapse of 2008, was just maxing profits...
Also your idea of, well if its not illegal...what if it was illegal but they just bought and paid people to change the law for them? also does legal = moral?
Slavery was more a case of protecting fixed assets not maximizing profit.
Employing cotton gins would maximize profit as they are more efficient. If fixed assets disappear then the balance sheet is impacted which harms the company. Walk into the Chevy plant and magically disappeat production lines and you harm the company.
So making money and employing people is immorality but murdering babies is moral in your world ? Interesting.
Make more $ employ more people and make even more $.I did not say making money or employing people was immoral, I said that doing anything to make more money is not moral. and also dead babies taste good with BBQ
I hire 10 year olds and pay them a buck a hour, makes me a ton of money, yay ethics! because I made more money, its okMake more $ employ more people and make even more $.
Then eat what you kill.
So was Slavery bad? was it a bad thing that Slave owners wanted to keep their slaves? After all if it is done to maximize profit then its ok right?
Just maxing out profits at any cost is not a moral argument to do what ever you want and treat your workers how ever you want, or even your customers.
Child labor is cheap, so is Prison labor in China, sweatshops make good money, Drug Dealers also try to maximize profits, so do Pimps. The Catholic church maxed profits by hiding sex abuse claims as long as they could.
Lots of Very rich people maxed Profits in the Great Depression, the banking collapse of 2008, was just maxing profits...
Also your idea of, well if its not illegal...what if it was illegal but they just bought and paid people to change the law for them? also does legal = moral?
Businesses that want to maximize profits will seek to expand to new markets, attract top talent that adds more value and become more efficient. That drives salaries up - not down.
If a company is not doing anything illegal to prevent competition - what is wrong with a company that simply took over the market in a certain sector?
Yes slavery was bad - any more strawman arguments need to be dismissed?
If you believe that a company only cares about greed and maximizing profits then you have to take that line of thinking all the way. Businesses that want to maximize profits will seek to expand to new markets, attract top talent that adds more value and become more efficient. That drives salaries up - not down.
Are there exceptions? Sure - but on the whole, by itself, corporate greed is not a bad thing.
Liberals always rail against corporate greed - but greed is what will make us all better off.
So let's see, investors get a return on their investment. Let's them invest further. Got a 401k ? That's you !no pure greed like to many american companies today, makes them better off, no one else. thats why economic inequality is so bad now, not that you care about that.
This thread, like many discussions, is full of generalizations. Greed is just a word and we should talk about doings and not about words.
You are right, but not in every case. If a fast food chain does expand they don't need to attract many new talents (note: I didn't write "no talents"), they have to find enough low wage workers.
Because it is bad for both the people and the market. In a perfectly competitive market price gets near marginal cost. In a monopolistic market prices will raise far above this margin and the company will try to raise high barriers to enter the market.
Do you really think there should be no regulations at all? What about selling unhealthy food to maximize profits? And don't accuse me of endorsing over-regulation, I never said that
no pure greed like to many american companies today, makes them better off, no one else. thats why economic inequality is so bad now, not that you care about that.