> I also noticed I was subconsciously confusing his statement with the claim that shareholder interests and society's interests are aligned.
I noticed this, too. If you don't pay close attention it seems like he's saying there are not ethical concerns if you think long-term, but the statement is actually narrower than that. In addition to employees, there can also be people with no involvement with or even knowledge of the business who are affected by negative externalities.
I noticed this, too. If you don't pay close attention it seems like he's saying there are not ethical concerns if you think long-term, but the statement is actually narrower than that. In addition to employees, there can also be people with no involvement with or even knowledge of the business who are affected by negative externalities.