Pitchfork Economics with Nick Hanauer cover image

The Road to Freedom (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer

NOTE

Channeling Returns for Social Good

The pursuit of returns can benefit society if properly guided; otherwise, it leads to exploitation and concentration of market power. Companies like Amazon, Google, and Facebook prioritize engagement, often through negative means, to maximize profits, disregarding their impact on youth and society. Additionally, oil companies exploit environmental degradation and climate change risks for profit. Implementing regulations that discourage harmful practices could redirect these companies towards becoming energy innovators focused on renewable solutions, rather than allowing them to continue profiting from pollution.

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