Woke Capitalism

Discussion in 'Business & Economics' started by Bowser, May 31, 2019.

  1. river

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    Sure they can be , but many aren't . These companies are not influenced nor responsible to public investor dividends or the like . Nor share price .
     
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  3. river

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    Last edited: Apr 22, 2020
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  5. psikeyhackr Live Long and Suffer Valued Senior Member

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    Is accounting a philosophy? NET Domestic Product was not mentioned in my college economics course. It was years later that I noticed the equation is wrong. How much have American consumers lost on the annual Depreciation of automobiles since Sputnik?

    http://www.toxicdrums.com/economic-wargames-by-dal-timgar.html
     
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  7. billvon Valued Senior Member

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    No disagreement there. But again I am not saying that all companies are greedy, whether public or private. I am saying that capitalism rewards the greediest people and companies in society, and companies that use their money for humanity rather than their own advancement are penalized.
     
  8. river

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    Disagree

    To make a profit keeps employees , employed . And some share the profits they make with their employees . End of year bonus to their employees .

    And hard work , long hours , risk , responsibility to their private lives , wives , children etc. , rarely at home with their families ; profit , that betters their lives is the reward .

    What companies for example . What companies are penalized for using their profits to benefit Humanity ?
     
    Last edited: May 3, 2020
  9. billvon Valued Senior Member

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    Some do, some don't. And the ones that do are doing so to try to retain talent, make themselves more competitive and thus make more money. The goal isn't enriching employees - it's enriching shareholders.
    If a company contributes a lot of money to (for example) CAMFED, and that money is not used to grow the company, other companies out-compete it - and the company fails.
     
  10. river

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    Not privately held companies .
     
  11. river

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    Please , please , everybody when using an acronym , explain what it stands for .
     
  12. river

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    Capitalism as a philosophy of living needs to be revised .

    As Mark Cuban stated , capitalism should work from the bottom up rather than from the top down .

    The more money people have to spend , the more they drive the economy .
     
  13. iceaura Valued Senior Member

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    A board member or executive of a publicly traded corporation who sacrifices shareholder profit to do good for nonshareholders would often be in violation of the law.

    They have a fiduciary responsibility to not do that. https://www.investopedia.com/ask/answers/042915/what-are-some-examples-fiduciary-duty.asp
     
  14. Beer w/Straw Transcendental Ignorance! Valued Senior Member

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    Capitalism is like brewing beer.

    The yeast eat all the sugar until there's no more and then they die.
     
  15. billvon Valued Senior Member

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    These particular yeast have figured out a way to make more imaginary sugar, though. Which works as long as all the little yeasties believe in the imaginary sugar.
     
  16. billvon Valued Senior Member

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    CAMFED is a charity.
     
  17. river

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    I know guy I know . But private corps. Don't have that responsibility .
     

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