>some people prioritizing money for themselves over the externalities
You mean exactly like the employees, execs and shareholders of the big publicly traded companies many people here work for?
But it's evil when the homeless crackhead in your neighborhood smashes your car window for drug money, but not the Google/Microsoft exec who pushes ads with malware or addictive drugs on your kids for a career advancement and a nice house in California, that's just called innovation, where the former person is the looser and the latter the winner of our capitalist system.
Many profitable industries have been built on privatizing the profits and socializing the externalities on the environment, society, people, etc. Oil & gas, mining, motor vehicles, fast fashion, ads, gambling, food, pharma, etc. Usually on less developed countries, and it only makes the news when those externalities finally reach us here in the rich western countries.
This is the core source of disillusionment. It is wrong for both, but it is more impactful to society when corporations do this. Therefore it should be society's priority to raise the stakes of running a corporation, not hand out lazy penalties that continue to incentivize strategic negligence.
More regulation, regular enforcement of law, and more responsibility in general for the people and firms that wield the most influence will prevent many otherwise great citizens from deciding not to play the game of civilized life. IRS getting massive returns from cracking down on wealthy tax cheats is one of many good steps in this direction under the current US administration.
You mean exactly like the employees, execs and shareholders of the big publicly traded companies many people here work for?
But it's evil when the homeless crackhead in your neighborhood smashes your car window for drug money, but not the Google/Microsoft exec who pushes ads with malware or addictive drugs on your kids for a career advancement and a nice house in California, that's just called innovation, where the former person is the looser and the latter the winner of our capitalist system.
Many profitable industries have been built on privatizing the profits and socializing the externalities on the environment, society, people, etc. Oil & gas, mining, motor vehicles, fast fashion, ads, gambling, food, pharma, etc. Usually on less developed countries, and it only makes the news when those externalities finally reach us here in the rich western countries.