PaleBlueDot is turning RED#climateemergency
"the Maximization Model treats shareholders as concerned only about their pecuniary wealth and not as having more fully rounded human interests. They are treated as “fictional shareholders” rather than real human beings who may care about the climate as well as profits"
Profit maximization does not tolerate democratic aspects, it must be pursued at any cost and by any means.
https://clsbluesky.law.columbia.edu/2025/03/17/is-there-really-a-fiduciary-duty-to-destroy-the-climate/?amp=1
#ClimateEmergencies #ProfitsMaximization
"the Maximization Model treats shareholders as concerned only about their pecuniary wealth and not as having more fully rounded human interests. They are treated as “fictional shareholders” rather than real human beings who may care about the climate as well as profits"
Profit maximization does not tolerate democratic aspects, it must be pursued at any cost and by any means.
https://clsbluesky.law.columbia.edu/2025/03/17/is-there-really-a-fiduciary-duty-to-destroy-the-climate/?amp=1
#ClimateEmergencies #ProfitsMaximization