I was about to write something similar to that original comment, but then started thinking about it a little bit more, isn’t part of the problem with Capitalism that profit is nearly the only factor that businesses consider? It’s like the only way we can motivate businesses to do anything “good” is if we give them some sort of carrot or stick that either makes them more money or lose less money if they do the good thing (that they should be doing anyways).
So even though I want businesses to “stay in their lane”, there’s a number of businesses whose lane is negatively affecting society and the planet, so they should actually be concerning themselves more with the environment or their products’ effects on society. It’s not that businesses should care less, it’s that they should care more.
It depends on how you look at it. Most business thinking nowadays, at least at the scholarly level, involves some extent of stakeholder theory. Part of that means acknowledging the community’s wellbeing. Similarly, you can look at the rise of Enterprise Risk Management, which forces businesses to think about risks like climate change or en the risk of ignoring vs embracing the LGBTQ+ community
I was about to write something similar to that original comment, but then started thinking about it a little bit more, isn’t part of the problem with Capitalism that profit is nearly the only factor that businesses consider? It’s like the only way we can motivate businesses to do anything “good” is if we give them some sort of carrot or stick that either makes them more money or lose less money if they do the good thing (that they should be doing anyways).
So even though I want businesses to “stay in their lane”, there’s a number of businesses whose lane is negatively affecting society and the planet, so they should actually be concerning themselves more with the environment or their products’ effects on society. It’s not that businesses should care less, it’s that they should care more.
It depends on how you look at it. Most business thinking nowadays, at least at the scholarly level, involves some extent of stakeholder theory. Part of that means acknowledging the community’s wellbeing. Similarly, you can look at the rise of Enterprise Risk Management, which forces businesses to think about risks like climate change or en the risk of ignoring vs embracing the LGBTQ+ community