Responsibility of Corporations in Addressing Negative Externalities

Corporations must be held accountable for the negative externalities of their actions, such as environmental impact or societal harm caused by technology. These companies should not be destroyed but need to be responsible and pay for the consequences. It is essential for companies, especially in the tech and social media sector, to take action voluntarily to address issues like amplifying misinformation and outrage. Implementing measures like fact-checking flagged viral content or developing algorithms to promote common values rather than hatred are crucial. The reluctance to take such actions stems from the unwillingness to incur direct costs that conflict with their business model of profit-making. Ultimately, corporations prioritize making money over societal well-being, highlighting the necessity of a well-regulated system to ensure responsible behavior.