> I have never assumed that the operations of capital are autonomous and self-executing, or that executives are robots who are programmed to maximize shareholder value to the exclusion of all other considerations.
But that is how it works, right? If you don't maximize shareholder value you can be ousted, if you don't where others do you will lose in the marketplace and cease to exist. Isn't that competitive ruthlessness exactly what people like about our current system?
> Corporations exist in society, and are not above society's concerns. Businesses operate through human beings, who remain human even in their roles as CEOs. One would hope.
Citation needed, I guess. For mid-small size companies this might be the case, but evidence seems to point to the opposite of this for any organization large enough to be its own thing outside of the humans and subsystems that comprise its pieces.