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Frank Sterle Jr.'s avatar

The common yet questionable refrain incredibly still prevails amongst ‘free-market’ capitalist governments and corporate circles: It claims that best business practices, including what’s best for consumers, are best decided by business decision-makers.

While there must be a point at which such greed thus practice will end up hurting big business’s own monetary interests, can the unlimited-profit objective/nature be somehow irresistible? It brings to mind the allegorical fox stung by the instinct-abiding scorpion while ferrying it across the river, leaving both to drown.

I sometimes wonder whether some morbidly and self-mortally greedy corporate officers may know their big businesses will inevitably, if not imminently, collapse due to a great lack of consumers who can afford those big businesses’ products — perhaps including some would-be consumers who’d lost their jobs to employer-profit-maximizing Artificial Intelligence or other forms of non-human automation; yet, the corporate officers will nonetheless continue ardently politically supporting (via covert lobbying of governments, of course) the very economic system, especially its below-poverty-line minimum wage, that is basically going to ruin their big businesses.

As strange as it likely sounds, perhaps those corporate officers cannot help themselves, and even they realize an intervention by a truly-independent body/entity may be needed, one completely untouchable by the morally- and/or ethically-corrupt corporate lobbyists. ‘We scorpions simply cannot help ourselves. We need externally independent intervention, but we will still resist it. It's in our nature.’

Clearly, many Western governments need to cling much less onto a long-outdated capitalist-manifesto mentality and instead open their eyes to increasingly disturbing corporate greed that's ignoring, if not even exploiting, the growing number of financially struggling citizens.

Instead, corporate officers continue shrugging their shoulders and defensively saying their job is to protect shareholders’ bottom-line interests. And shareholders also go on shrugging their shoulders while stating they just collect the dividends and that the big bosses are the ones who make the decisions involving ethics/morals or lack thereof.

Paul Wotton's avatar

'Bullshit baffles brains' and an AI assisted web search can tell you why. Good policy requires critical thinking about the advice you receive, be that from the office bullshitter or Generative AI.

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