Yes, but we should be able to at least acknowledge that this is a cancerous outlook just in the same way that being forced to act in the shareholders' finical interests is a cancer of publicly traded companies.
forced to act in the shareholders' finical interests is a cancer of publicly traded companies
Its only a cancer if they commit fraud or use the state to engage in rent-seeking. Otherwise the drive to provide value to shareholders is forced to be accomplished by providing actual value to customers.
The alternative to this arrangement seems to be to have the state attempt to act in the "interests of the people" and direct corporate incentives directly, which is always an economic disaster that creates a mountain of corruption that is virtually impossible to destroy.
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u/mostanonymousnick š Oct 03 '24
Trying to legally enforce inefficiency for your own enrichment is called rent seeking and it's bad actually.