sexhaver87

@sexhaver87@sh.itjust.works

• ⁨Comment⁩ on ⁨do you remember a time when societies were so polarized and shifted so much to the right like today? How long did it last?⁩ ⁨⁨4⁩ ⁨hours⁩ ago⁩:

  I believe you’ve got the political spectrum confused. I’m not sure, as you’re going on about the woes of unregulated social media while actively posting memes as a form of discussion on a social media and then going on to complain about guns being removed from posters, so I’m not too entirely sure what you’re on about. I think I can understand that you’ve got things mixed up, however. The NSDAP, despite their name, was extremely far-right.

• ⁨Comment⁩ on ⁨Why do companies always need to grow?⁩ ⁨⁨4⁩ ⁨hours⁩ ago⁩:

  Furthermore the idea that publicly traded companies have some kind of obligation to make as much money as quickly as possible is a reddit-born myth.

  Shareholder primacy wasn’t born on reddit, it was actually Milton Friedman who theorized of it, the Michigan Supreme Court who wrote it into precedence, and now American citizens who have to live under the consequences of publicly traded corporations having a distinct legal obligation (against the belief of some legal academics who argue otherwise, in bad faith nonetheless) to provide a profit for shareholders. This also applies to PE, who take this notion of a, once again, distinct legal obligation to provide profits for shareholders above all else, as what you would call a “Get out of jail free card,” i.e. fraud and thievery is completely fine if you’ve got shareholders to feed.

  But a CEO acting in good faith has no other obligation than to fulfill the tasks asked of them by shareholders.

  Shareholders: “We demand more profits, please start acting in bad faith so I may purchase another boat this afternoon”
  CEO: “ok”

  Alternatively:

  Shareholders: “Profits, please”
  CEO: “no”
  Michigan Supreme Court: “The death sentence is on the table”

  This is how this has played out since 1919, Dodge v. Ford Motor Co. Wax poetic about theory, in reality people are starving over the sheer necessity that the shareholders want another buck.