I defend the stock holders on the grounds that many of them are too far distanced from it to recognize the actions. And the ones that are not are limited by the ones that are.
Do people have an ethical responsibility to know how the money they make gets made? I think they do and in many cases the law says they do. There's this whole passing off of responsibility for action within a corporation, being that they're their own legal entity and all to protect shareholders and CEOs for a large degree of liability. It's that disassociation of responsibility that's why compassionate corporatism is rare. The bigger they get, the harder it is to get everyone to behave in a moral fashion. But what I always ask is, if overhead is paid for, R&D is paid for, the new expansion is paid for, bonuses have been paid out and you're still making a billion dollars a year.....what is $100 million less for the grunts that make your business run?
Essentially you are asking them to decrease their own worth to do something that may or may not help but they will not see the effects anyway.
If we accept there's value in helping people, then it's not a total loss. If we further accept that a better paid, happier work force works harder for you, there's a direct benefit to
investing in your workforce. I don't know everyone's cost benefit-analysis, but it doesn't seem like it's weighted toward supporting the things that make business work. It seems weighted toward always being able to show growth, even if you're actually shrinking.
And I defend the government on the grounds that minimum wage and taxes and shizzle are important vaild concerns.
I don't blame the government most of the time. But considering the banking crash, it's clear many investment businesses were totally willing to run the whole system into the ground to make a profit. If it's not the government's job to act, then whose is it? And when business interests have captured government legislation....well, then you're basically completely screwed, on the same level as the depths of communism.