This is the most toxic of urban legends. Fiduciary duty to shareholders means acting in the interests of the company rather than your own. There is no duty to maximise profits against all morals.
You're absolutely right, but the line between acting in the interest of the company and acting to maximize profits is so thin it might as well not exist.
It can be in the company's interest to act for the good of society and a CEO can claim that it is his fudiciary duty to act in the interest of society.
But when society's interests are in direct conflict with the interests of the company you cannot expect a CEO to act in the interest of society.
Even if a CEO is perfectly within their rights to act against the interests of the company, it doesn't change the fact that investors might replace him if the CEO does so consistently.
So you have a fudiciary duty to put the company's interest first and you have no legal duty to put the public interest first (as long as no crimes are being committed).
If you own an item you want to destroy, no problem. If a company owns an item it want to destroy, it can't anymore. The conflation of persons and corporations has been responsible for an enormous amount of evil, and it's time to start distinguish the two again.
What evil? I think it would be very hard to have a system of law without corporate personhood. Every time you wanted a law to eg ban x, you would need a separate law for corporations.
If it's an unlimited partnership or something, _maybe_. Approximately no companies implicated are, though; they're typically limited liability companies of some sort. A limited liability company demanding human rights feels a bit like having your cake and eating it.
Your reasoning makes sense only if it's just as easy to sentence the group to jail time as it is to sentence the individual--and pretty much everything else about a corporation is set up to make it harder to do that.
Because as long as there is a theoretical edge case, nothing should be done, your model is flawed. That's a mentality very common amongst software engineers. In the real physical world, even tying your shoes has edge cases.
Hmm, thinking of it, it may explain the love of sandals in said community.
This kind of reply is so cliché it's tiresome. "Someone makes small step to avoid waste and environmental damage" -> "if it's not perfect it's no good at all, let the free market sort it out at t=infinity".
Guess what, the free market doesn't give a shit as long as the executives make their millions.
Where even are all the people wandering around naked for lack of clothes? There's so much donated clothing already out there. And the homeless here mainly 'need clothes' because they have no way to wash their clothes. It'd be less wasteful to get them access to laundry facilities. And the developing world always gets the "PATRIOTS - Super Bowl LX Champions" gear and a ton of other cast-offs - I doubt they need more.
To me this whole regulation sounds like a bunch of virtue-signaling politicians wanted to pat themselves on the back.
If I had that kind of hustle, I'd be finding out who exports the losing teams T-shirts and reimport them. I'm sure some Pats fans would pay $50 a shirt to live in an alternative reality.
I remember _movie critics_ clutching their pearls in disgust at the fascism. I was an autistic teen just out of a village and even I could see the satire. To this day I have no idea if they were reviewing in good faith, it still feels so far-fetched.
Milgram was flawed, sure. However, you can look at videos of ICE agents being surprised that their community think they're evil and doing evil, when they think they're just law enforcement. There was not even a need for coercion there, only story-telling.
Incorrect. ICE is built off the background of 30-50 years of propaganda against "immigrants", most of it completely untrue.
The same is done for "benefits scroungers", despite the evidence being that welfare fraud only accounts for approximately 1-5% of the cost of administering state welfare, and state welfare would be about 50%+ cheaper to administer if it was a UBI rather than being means-tested. In fact, much of the measures that are implemented with the excuse of "we need to stop benefits scroungers", such as testing if someone is disabled enough to work or not, etc. are simulatenously ineffective and make up most of the cost.
Nevertheless, "benefits scroungers" has entered the zeitgeist in the UK (and the US) because of this propaganda.
The same is true for propaganda against people who have migrated to the UK/US. Many have done so as asylum seekers under horrifying circumstances, and many die in the journey. However, instead of empathy, the media greets them with distaste and horror — dehumanising them in a fundamentally racist way, specifically so that a movement that grants them rights as a workforce never takes off, so that companies can employ them for zero-hour contracts to do work in conditions that are subhuman, and pay them substantially less than minimum wage (It's incredibly beneficial for the economy, unfortunately).
Rightwing propaganda in the USA is part of a concerted effort by the Heritage Foundation, the Powell Memo, Fox News, and supporting players. These things are well understood by researchers and journalists who have produced copious documentation in the form of articles, books, podcast series, etc.
One excellent example is available here[0] in a series by the Lever called Master Plan. According to their website, a book has been written broadening the discussion.
They have played us for fools and evidence of their success is all over the news and our broken society. It's outrageous because none of this was by accident or chance. Forces didn't magically come together in a soup that turned out this way.
See https://www.law.cornell.edu/wex/fiduciary_duty
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