dozerly parent
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.
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.
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.
> starting to be demonstrably harmful
Starting?
Some say there is a link between calorie consumption and weight gain but we don’t know for sure.
Yeah, so the shareholder-value-maximisers will bury the studies that link smoking to cancer for decades, using whatever dirty tactics they can.
What a way to look at the world...
and if the actions are deemed immoral by society then a few years later you will see regulation, PR issues or legal action
See early 2000s Google as a model for a righteous company and public perception of it as evil and subsequent antitrust litigation today, or what happened to companies involved in Opioid trade and subsequent effect on shareholders value