A corporation has an ethical responsibility to all stakeholders, not just a fiduciary responsibility to stockholders.

Apr 4, 2023 · 3:26 PM UTC

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Replying to @marwilliamson
The ethical responsibility they have is to earn 💰 without stealing or committing fraud. There's nothing ethical about claiming coercive entitlement over what someone else created. Business isn't charity. You believe in the ethics of emotionalist egalitarian parasitism.
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Replying to @marwilliamson
Not under capitalism it doesn’t
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Replying to @marwilliamson
According to the moral compliance view, corporations are not bound by a moral law unless that moral law is expressed in the law of the land. A corporation has no obligation to refrain from stealing, cheating, or lying unless they are legally required to refrain from doing so.
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Replying to @marwilliamson
‘Stakeholders’ okay Klaus Schwab 👍🏻
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Replying to @marwilliamson
Corporations were not invented in the 80’s. This woman is selling a non-existent shortcut to a more ethical society. Another way to say, preserve the status quo.
Replying to @marwilliamson
A corporation is only responsible for making a profit, that is literally the first rule of capitalism. I appreciate what you are saying, but it cannot happen under this system.
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Replying to @marwilliamson
This! This! This! The corporation has an ethical responsibility to all stockholders, not just a fiduciary responsibility to shareholders.
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Replying to @marwilliamson
You don’t know history very well. Your argument is that corporations from the 40s to 1980 had more ethical responsibility to employees and community than today? Where did you study American industrialization and modern history?
Replying to @marwilliamson
We should enact legislation that makes this true rather than just an ethical stance! Overturn Taft-Hartley. Empower worker ownership @democracynow. Rewrite the rules and #DisruptTheSystem. #ANewBeginning.
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