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In reply to the discussion: Who here thinks drug companies (pharmaceuticals) are altruistic... [View all]Newest Reality
(12,712 posts)Profit is the only and true motive. Everything else, legally, is secondary and also, the hidden cost burden is paid by the society and environment. They have no obligations in regards to their secondary impact.
How could anyone expect any form of altruism when they are legally required to create wealth for their investors?
We would need to change corporate charter law in some way to even allow for public benefit and altruism. There would have to be some form of law pertaining to the benefit commons and to account for various forms of economic and environmental impact that was tied to their profit margin and I don't mean ordinary taxes, the tend to not pay much taxes.
Right now, it's open season on anybody and anything and when you consider the megalithic proportions of many big corporations, they have a sweet deal and a free ride in that respect, plus they are obviously subject to a special form of socialism that they enjoy exclusively and the welfare they collect is huge and built-in now.
Ah, but socialism and welfare are bad when it comes to the people. Dignity of work and all that nonsense.
Just wait until they accelerate the coming wave of AI/automation and eliminate even more jobs on many levels, from blue collar to white collar and even some professional fields.
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