"That's a strawman argument. My point was solely to do with what businesses are required to do in order to survive."
My argument was with the use of the derogatory - and innacurate IMO - characterization that "companies behave like sociopaths." Operating in one's self interest - which may include making decisions that sometimes do not benefit certain individuals or groups - does not automatically equate to "sociopathic behavior." If it did, it could apply to all other societal entities as well, including individuals and governments.
rob said: Businesses, at times, need to lack empathy for humans, even the ones who have made them profit, in order for those businesses to compete. That's not a judgment, it is a raw and harsh fact.
IMO, businesses that get a reputation for treating their employees like Kleenex have a hard time recruiting the best talent. Similarly, those that treat their suppliers and partners like Kleenex have a hard time with future partnerships. It may save money in the short run -- which benefits the current CEO -- but they'll eventually get wiped out by a competitor who was able to attract better talent and forge better partnerships.
["Kleenex" is a reference to Nuns on the Run (1990) in which the gangster boss says "We use them and we throw them away -- like Kleenex".]
"In fact, it should probably be a course requirement for almost any degree."
frankly, i don't need a degree in economics to understand whats happening and whats coming for us in our so called developed countries. Corporations, banks and governments don't absolutely care about their people. Their only motto is outsourcing, immigration, fiscal optimization. It's up to normal citizens to contribute to all the taxes. Governments are very creative in that domain.
Eventually, the ultimate goal is just to create jobs in the US and Europe but with chinese salaries. When they do, it's with great fanfare like Apple did recently with their Mac Pro. That's just what their New World Order is about.
The more I read these forums, the more convinced I become that an elementary course in economics and finance should be a course requirement for any engineering degree.
The problems in high-tech industries are exacerbated because they are capital-intensive industries, and by the nature of their business, the amount they need to invest is far greater, with greater attendant costs and higher profits needed to cover those costs"
Insult aside, your argument is full of holes in response to my comment about Apple supposedly needing to move production offshore to be competitive. That 22% net income is after expenses are paid. When is Apple going to invest that $150 billion cash hoard? Spending $8 billion a year in capital investments, it will take a while. Their shareholders are demanding that cash hoard be given to them.
Corporations are sociapathic by nature. Shareholders are finnicky and greedy, rarely keeping long term investment in a less than stellar performing company. It's a symbiotic sociapathic relationship lacking a sense of moral responsibility or social conscience.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.