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Why There's No Such Thing As An Ethical Business Under Capitalism

607K views · Jan 6, 2023 · Education

Comments · 2.6K

  • @SecondThought · 3 years ago · pinned

    Howdy, friends! I hope you all enjoy this week&apos;s video. If you&apos;d like to help support the channel, please consider watching my Nebula Original Series, The New F-Word! I&apos;ve put a lot of work into it and I think it&apos;s really cool. You can get free access to Nebula with your CuriosityStream subscription - it&apos;s less than fifteen bucks a year for both platforms, which is an amazing deal. Check out the latest episode of The New F-Word: <a href="https://nebula.tv/videos/second-thought-how-fascism-survived-the-post-war-era">https://nebula.tv/videos/second-thought-how-fascism-survived-the-post-war-era</a> &nbsp;and sign up for the Nebula/CuriosityStream bundle deal here: <a href="https://curiositystream.com/secondthought">https://curiositystream.com/secondthought</a><br><br>It really does help keep this channel running 🙏

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  • @TerryVogelaar · 3 years ago

    A Dutch economist, Paul Schenderling, wrote a book about this. He basically states that the most important thing that needs to change, is the definition of success. Right now, success is synonymous with profit. Selling a lot of products that self-destruct is good for profit, but not for anything else. I&apos;d rather have my washing machine last 25 years than need to replace it every 5 years or so. If the success of a company is defined by the durability of its products, its environmental impact, and the way they treat its personnel, the rules of the game will change and companies need to change along with it.

    4.4K

  • @stevengreen11 · 3 years ago

    It&apos;s a lot like the &quot;undercover boss&quot; scenario. The CEO is responsible for the suffering of a huge amount of people, but we champion them as the hero when they help a single employee. Yet the massive suffering continues on in the background.

    506

  • @philsanders9625 · 3 years ago

    Last place I worked broke the law everyday, we discussed it in a meeting, the fine for breaking the law was less than the potential profit from the breach, so it was cashed as an expense. The law means nothing against moneyyyyy

    637

  • @swanchamp5136 · 3 years ago

    When I studied business studies in college I remember one of the first important lessons was &apos;the aim of all business is to make as much money as possible as quickly as possible.&apos; &nbsp;Morality does not come into it, if they do something that would incur a fine but they would still make a profit on it then they will do it because profit is more important.

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  • @ErutaniaRose · 3 years ago

    I&apos;m so sick and tired of being called &quot;radical&quot; for literally just believing in human rights, and seeing the BASIC FACTS that capitalism prevents everyone from having them.

    1.2K

  • @DisturbedNeo · 3 years ago

    I was curious as to how Nespresso got a certification declaring them &quot;ethical&quot;, so I looked up B-Lab&apos;s certification process.<br><br>Companies register their own employees to the &quot;B Impact Assessment&quot;, where they give prepared answers to a checklist of questions they get to see in advance, and at the end of the 12-month process, they only need a score of 80/200, or 40%, to pass.<br><br>So all a corporation has to do is select a number of employees they trust, feed them the correct answers, and get just good enough of a score to get the certification.<br><br>The entire thing is one big joke that&apos;s being used by large corporations to scam consumers into thinking they care about something other than profit.

    1.5K

  • @ghostnoodle9721 · 3 years ago

    I had to quit my job at amazon, for a variety of reasons but the one that sticks with me is the day everyone made fun of me for having a &quot;Failed&quot; business<br><br>1) Thats how the shit works<br>2) I explained (or tried to atleast) that most of the reason it &quot;failed&quot; was because I refused to use evil corporations advertising platforms, and didnt crush my customers with BS. I used to jokingly say I was too nice to run a business, but this video just confirms that I 100% just have a conscious and the people who run these fortune 500 companies do literally nothing but terrorism for god damn numbers on a spreadsheet

    926

  • @CF-105_AvroArrow · 3 years ago

    This is true. &nbsp;Since corporations routinely break the law if they think that there will be a net profit for them if they do so, it begs the question &quot;What&apos;s the difference between a &apos;legit&apos; corporation and organised crime?&quot;<br><br>Corporations are just criminal organisations that have paid governments enough to let them exist.

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  • @tribbybueno · 3 years ago

    i have been consistently embarrassed, criticized, ridiculed, bullied, and put under extreme mental/emotional duress at my places of employment both by bosses and coworkers for trying to share these values and ideas. The reason change isn&apos;t happening is because people aren&apos;t ready for it. Things are shitty now, but not shitty or catastrophic enough to convince people that the way we&apos;re living now could be so much better. It&apos;s soul shattering, crushing, and completely heartbreaking. I weep for my fellow americans every day and for my brothers and sisters across the world who are enslaved by the idea of enforced public complacency. Feels real bad man. 27 years old and i feel like a senile old man half the time, plagued by easily attainable visions of what <b>could be</b> grossly overlaid on top of the grim reality of what <b>is</b>

    344

  • @connorbrayden9048 · 3 years ago

    When I was younger I always wanted to start businesses in the stem fields, not because of the money, but because I wanted to make a genuine change in the world. But now I realize that it&apos;s just all one big money game...

    116

  • @chriswilliams8159 · 3 years ago

    Not just in business, but even in our day-to-day lives, money and materialism is glorified in such a way that subjects such as ethics, morality, wisdom, and justice are pretty much always sidelined and sometimes downright ignored. I mean, we&apos;re always told as kids, for e.g., that &apos;honesty is the best policy&apos;. &nbsp;How much of it do we get to see in the world?!Kids are more honest and kind-hearted than most adults I&apos;ve seen. At least they don&apos;t see everything in terms of profit.

    332

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