> they have a duty towards their shareholders as much as BP or Exxon
Or as little. The concept of fiduciary duty is just a hack to keep corporations working in the service of capital, rather than, you know, the common good or whatever. It's neither a legal standard nor an economic imperative, just a convenient myth. I guess it can be encoded into the charter of a company, in which case it is their imperative, but I digress.
But I totally agree that it's absurd that this debate is being scoped to the tech industry.
Or as little. The concept of fiduciary duty is just a hack to keep corporations working in the service of capital, rather than, you know, the common good or whatever. It's neither a legal standard nor an economic imperative, just a convenient myth. I guess it can be encoded into the charter of a company, in which case it is their imperative, but I digress.
But I totally agree that it's absurd that this debate is being scoped to the tech industry.