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Many accepted business practices designed to maximize profit quickly are fundamentally exploitative. Our culture often reframes greed as "pragmatic business," masking the negative impact on employees and society and departing from more equitable historical models.

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While laying off employees immediately boosts the bottom line by cutting costs, it's a destructive act that removes productive capacity. This analogy highlights the short-term, superficial nature of the "win" compared to the long-term damage inflicted on the organization's capabilities.

Accepting the premise that capitalism is inherently flawed allows bad actors to justify exploitative practices by saying, 'don't hate the player, hate the game.' This creates a self-fulfilling prophecy, separating personal morality from business practices and enabling behavior that doesn't serve customers.

The current model of capitalism prioritizes profit above all. A more sustainable and just version would reorder the priorities: first, advance a greater cause; second, protect the people and places you operate in; and third, generate profit as the means to continue the first two indefinitely.

The foundation of capitalism is creating net new value where all parties benefit. A truer definition of "profit" is the maximization of human flourishing, which excludes value captured through fraud, coercion, or misinformation—actions that are closer to theft than genuine commerce.

Maximizing profits in a crisis, such as a hardware store hiking shovel prices during a blizzard, ignores the powerful economic force of fairness. While rational by traditional models, such actions cause public outrage that can inflict far more long-term brand damage than the short-term profits are worth.

Many business functions operate in an asymmetric incentive system where managers are rewarded for immediate, quantifiable cost savings. They face no penalty for the harder-to-measure destruction of future opportunities or customer value, leading to dangerously short-sighted and value-destroying decisions.

Contrary to popular belief, widely accepted corporate governance principles often lack supporting data. Research indicates these practices are destructive, while mission-driven alternatives consistently show superior performance across financial, loyalty, and other key metrics.

Prior to the 1980s, mass layoffs were reserved for existential crises like impending bankruptcy. The modern practice of using them to meet quarterly financial targets is a recent invention. This treats employees as disposable resources to manage spreadsheets, breaking the social contract of business.

The modern idea that work should provide fulfillment is a recent concept that enables exploitation. As author Sarah Jaffe explains, it encourages workers to accept poor pay and blurred boundaries because the 'love' for the job is treated as a form of payment, allowing employers to capitalize on passion and creativity.

Corporations exhibit a 'floating brand morality,' pulling support for one controversial figure while ignoring another's transgressions. This isn't about principles; it's a calculated decision based on what they believe is most profitable. Their moral stance shifts to protect the bottom line.

"Good Business Sense" Often Serves as a Euphemism for Greed and Exploitation | RiffOn