Pluralistic: A business model for bankrupting the oil companies(06 June 2023)

Today’s links A business model for bankrupting the oil companies: Incentives matter (and that matters). Hey look at this: Delights to delectate. This day in history: 2003, 2008, 2013, 2018, 2022 Colophon: Recent publications, upcoming/recent appearances, current writing projects, current reading A business model for bankrupting the oil companies (permalink) When a giant company wrecks your life, what are you gonna do? They can afford more and better lawyers than you can, and they have people whose full time job is fighting off lawsuits – are you really gonna beat those people by pursuing your grievance as a side-hustle? Do you really wanna be a full-time, professional litigant? For some people, the answer is yes: some people are angry enough, or sufficiently morally offended, to make suing a giant company their life’s mission. Sometimes, they succeed, and force companies to cough up gigantic sums of money. Obviously, this makes the plaintiff better off, but it can also make things better for the rest of us. Money talks and bullshit walks, and once it becomes clear that 300% of the profits from harming people will be sucked out of the company by a lawsuit, shareholders will revolt and force the company to clean up its act. Shareholders don’t invest in companies that ruin our lives because they are committed to an ideology of cruelty. Ideology only gets you so far: the pursuit of profit incentivizes far worse conduct than mere sadism ever can: Incentives matter. Companies above a certain size…Pluralistic: A business model for bankrupting the oil companies(06 June 2023)

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