There is no such thing as a benevolent publically traded company.
For all intents and purposes, they are restricted from being so if they ever wanted to be.
Any “charity” is an investment in PR Marketing AND a tax break. They spend more advertising what they “donated” than they gave to the charity. That’s not charity, it’s a transaction.
It didn’t used to be this way everywhere prior to the Reagan/Welch fire sale, the happiness of customers and employees still had some sway, but today, Private shareholders now demand and get litigious if companies aren’t maximizing greed/return/metastasis at any and all expense. Burn the commons if it’ll get you an extra nickel, shareholders expect maximum reutrn. It is their job to do anything they can get away with to give their greedy shareholders ever moooooooooaaaaaaar for doing nothing.
And sorry, no, I don’t respect capital investment return. It’s gambling, often with loaded insider info dice, It’s not labor and you probably got it by exploiting a lot people if you have a considerable amount under this system. Labor makes the homes, labor makes the food, labor provides the infrastructure and utilities.
And it’s destroying our society, civilization in general, and even the very air we all COMMUN-ally breathe.
I guess we hate the idea of cooperating so much as a species so much, we’d rather suffocate.
There is no such thing as a benevolent publically traded company.
For all intents and purposes, they are restricted from being so if they ever wanted to be.
Any “charity” is an investment in PR Marketing AND a tax break. They spend more advertising what they “donated” than they gave to the charity. That’s not charity, it’s a transaction.
It didn’t used to be this way everywhere prior to the Reagan/Welch fire sale, the happiness of customers and employees still had some sway, but today, Private shareholders now demand and get litigious if companies aren’t maximizing greed/return/metastasis at any and all expense. Burn the commons if it’ll get you an extra nickel, shareholders expect maximum reutrn. It is their job to do anything they can get away with to give their greedy shareholders ever moooooooooaaaaaaar for doing nothing.
And sorry, no, I don’t respect capital investment return. It’s gambling, often with loaded insider info dice, It’s not labor and you probably got it by exploiting a lot people if you have a considerable amount under this system. Labor makes the homes, labor makes the food, labor provides the infrastructure and utilities.
And it’s destroying our society, civilization in general, and even the very air we all COMMUN-ally breathe.
I guess we hate the idea of cooperating so much as a species so much, we’d rather suffocate.
Carry on.
B Corps exist. Don’t know if there’s a conflict with being certified and publicly traded though.