| ▲ | biophysboy 14 hours ago |
| I like and read Ben's stuff regularly; he often frames "better" from the business side. He will use terms like "revealed preference" to claim users actually prefer bad product designs (e.g. most users use free ad-based platforms), but a lot of human behavior is impulsive, habitual, constrained, and irrational. |
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| ▲ | RoddaWallPro 11 hours ago | parent | next [-] |
| I agree that is what he is doing, but I can also justify adding fentanyl to every drug sold in the world as "making it better" from a business perspective, because it is addictive. Anyone who ignores the moral or ethical angle on decisions, I cannot take seriously. It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't. So don't say stupid shit like that, be a human being and use your brain and capacity to look at things and analyze "is this good for human society?". |
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| ▲ | chii 5 hours ago | parent | next [-] | | > It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't. it is, for the agents of the shareholders. As long as the actions of those agents are legal of course. That's why it's not legal to put fentanyl into every drug sold, because fentanyl is illegal. But it is legal to put (more) sugar and/or salt into processed foods. | | |
| ▲ | dozerly 4 hours ago | parent | next [-] | | No, it’s not. The government, and laws by proxy, will never keep up with people’s willingness to “maximize shareholder value” and so you get harmful, future-illegal practices. Reagan was “maximizing shareholder value”, and now look where the US is. | | |
| ▲ | chii 4 hours ago | parent [-] | | you have to show this 'future-illegal' action is harmful first by demonstrating harm. That's why i used the sugar example - it's starting to be demonstrably harmful in large quantities that are being used. I am against preventative "harmful" laws, when harm hasn't been demonstrated, as it restricts freedom, adds red tape to innovation, and stifles startups from exploring the space of possibilities. | | |
| ▲ | auggierose 7 minutes ago | parent | next [-] | | I can understand that stance. The trouble is, with more power and more technology, more harm can be done, much quicker. This will become a freedom vs. survival issue, and by definition, freedom is not going to survive that. | |
| ▲ | WalterSear 2 hours ago | parent | prev [-] | | > starting to be demonstrably harmful Starting? |
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| ▲ | Andrex 3 hours ago | parent | prev | next [-] | | > it is, for the agents of the shareholders Shareholders are still human beings and the power they wield should be subject to public scrutiny. | |
| ▲ | matkoniecz an hour ago | parent | prev [-] | | > > It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't. > it is, for the agents of the shareholders Even if we care solely only about shareholders, in extreme cases it is not beneficial also for them |
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| ▲ | biophysboy 11 hours ago | parent | prev [-] | | I agree - I think Ben tends to get business myopia. I read him with that in mind. |
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| ▲ | Cheer2171 14 hours ago | parent | prev [-] |
| To an MBA type, addictive drugs are the best products. They reveal people's latent preferences for being desperately poor and dependent. They see a grandma pouring her life savings into a gambling app and think "How can I get in on this?" |
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| ▲ | biophysboy 14 hours ago | parent | next [-] | | I think its more subtle; they fight for regulations they deem reasonable and against those they deem unreasonable. Anything that curtails growth of the business is unreasonable. | | |
| ▲ | sph 34 minutes ago | parent | next [-] | | There is a term in biology for things which decide to grow uncontrollably, to the detriment of the surrounding ecosystem. | | | |
| ▲ | wubrr 5 hours ago | parent | prev | next [-] | | Which is entirely unreasonable, and there's no need to make excuses or explain away this borderline psychopathy. | |
| ▲ | computerthings 12 hours ago | parent | prev [-] | | [dead] |
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| ▲ | bloppe 14 hours ago | parent | prev [-] | | To be fair, businesses should assume that customers actually "want" what they create demand for. In the case of misleading or dangerously addictive products, regulation should fall to government, because that's the only actor that can prevent a race to the bottom. | | |
| ▲ | gmd63 14 hours ago | parent | next [-] | | The folks who succeed most in business are the type who have an intuition for what's best. They're not some automaton reading too far into and amplifying the imperfect and shallow signals of "demand" in a marketplace. | |
| ▲ | baobabKoodaa 12 hours ago | parent | prev | next [-] | | Because all people everywhere are psychopaths who will stab you for $5 if they can get away with it? If you take that attitude, why even go to "work" or run a "business"? It'd be so much more efficient to just stab-stab-stab and take the money directly. | | |
| ▲ | chii 5 hours ago | parent | next [-] | | > It'd be so much more efficient to just stab-stab-stab and take the money directly. which is exactly what the law of the jungle is. And guess who sits at the top within that regime? Humans would devolve back into that, if not for the violence enforcement from the state. Therefore, it is the responsibility of the state to make sure regulations are sound to prevent the stab-stab-stab, not the responsibility of the individual to not take advantage of a situation that would have been advantageous to take. | | |
| ▲ | wewtyflakes 2 hours ago | parent [-] | | This is gross; I would not want to live in a society of these kinds of people. | | |
| ▲ | chii 2 hours ago | parent [-] | | > I would not want to live in a society of these kinds of people. of course not. Nobody does. However, what happened to your civic responsibility to keep such a society to make it function? Why is that not ever mentioned? The fact is, gov't regulation does need to be comprehensive and thorough to ensure that individual incentives are completely aligned, so that law of the jungle doesn't take hold. And it is up to each individual, who do not have the power in a jungle, to collectively ensure that society doesn't devolve back into that, rather than to expect that the powerful would be moral/ethical and rely on their altruism. | | |
| ▲ | wewtyflakes an hour ago | parent [-] | | I agree with the sentiment that we should not make a habit with resting on our rights and that government has an important role to play. However, I do not think we (society) necessarily deserve our situation because others are maliciously complying with the letter of the law and we should have just been smarter about making laws. At the end of the day we are people interacting with people, and even laws can be mere suggestions depending on who you are or who you ask. Consequently, if someone 'needs' the strictest laws in order to not be an ass, then I just do not want them in whatever society I have the capacity to be in; these are bad-faith actors. | | |
| ▲ | chii 35 minutes ago | parent [-] | | > these are bad-faith actors. what i'm trying to imply is that every single actor, as an individual, are "bad-faith" actors. That's why it's only when collectively can each bad-faith actor be "defeated". But when society experience an extended period of peace and prosperity brought about by good collective action from prior generations, people stop thinking that such bad-faith actors exist, and assume all actors are good faith. > I just do not want them in whatever society I have the capacity to be in and you dont really have the choice - every society you could choose to be in, with the exception of yourself being a dictator, will have such people. |
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| ▲ | bloppe 5 hours ago | parent | prev | next [-] | | I'll indulge your straw man because it's actually pretty good at illustrating my point. 99.9% of people are not psychopaths. But you only need .1% of people to be psychopaths. In a world where you get $5 and no threat of prosecution for stabbing people, you can bet that there will be extremely efficient and effective stabbing companies run by those psychopaths. Even normal people who don't like stabbing others would see the psychopaths getting rich and think to themselves "well, everyone's getting stabbed anyway, I might as well make some money too". That's what a race to the bottom is. And that's why the government regulates stabbing. | | |
| ▲ | runarberg 5 hours ago | parent [-] | | In the behavioral science (of which economics should be a sub-field of) this is called perverse intensives. A core-feature of capitalism, is that if you don‘t abandon your morals and maximize your profits at somebody else’s expense, you will soon be out-competed by those who will. |
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| ▲ | lmm 6 hours ago | parent | prev [-] | | > Because all people everywhere are psychopaths who will stab you for $5 if they can get away with it? Not all people everywhere, but most successful businesspeople. > It'd be so much more efficient to just stab-stab-stab and take the money directly. It isn't though? If you do that then you get locked up and lose the money, so the smart psychopaths go into business instead. |
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| ▲ | mistrial9 13 hours ago | parent | prev [-] | | To be fair, organized predatory behavior is to be expected? joke- The World Council of Animals meeting completes with morning sessions with "OK great, now who is for lunch?" |
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