It’s easy to say that no one should do what SBF did. If the rumours were true, there are very few ethical systems that would justify the behavior. What’s harder and more action relevant is to specify ahead of time very clearly the exact lines of you find acceptable
What is “fraud” and how much “fraud” do we allow? You can argue good advertisements always toe the line. at some point, you seriously screw over business opportunities. Now, not gambling with customer money is again an obvious case far exceeding this.
Lots of companies toe the line of honesty but we would never expect huge backlash, there is a level that is accepted by society.
What about anti-competitive practices and monopolistic behavior? Should we ask our founders to not profit max? Should we ask them to not lobby the government for tax breaks and favorable licensing, etc. ?
If so, do we feel bad about taking money from bill gates? Microsoft has a history of anti-competitive behavior.
What about businesses that probably harm society overall?
Facebook has probably been net-bad for society in my view- though it is hard to imagine what would exist if it was gone—Should we feel bad about taking money from meta?
If I’m in a VC meeting trying to get funding for my startup, should I not significantly exaggerate my product? Isn’t this what everyone does while in a VC meeting?
What if we know for sure that we can lie to consumers, make a ton of money, and there won’t be any backlash for it (yes this is probably not a real situation). Are we not doing that? if so we aren’t utilitarians, which is fine but then why are we utilitarians in our cause prioritization? Seems arbitrary
It’s easy to say that no one should do what SBF did. If the rumours were true, there are very few ethical systems that would justify the behavior. What’s harder and more action relevant is to specify ahead of time very clearly the exact lines of you find acceptable
What is “fraud” and how much “fraud” do we allow? You can argue good advertisements always toe the line. at some point, you seriously screw over business opportunities. Now, not gambling with customer money is again an obvious case far exceeding this.
Lots of companies toe the line of honesty but we would never expect huge backlash, there is a level that is accepted by society.
What about anti-competitive practices and monopolistic behavior? Should we ask our founders to not profit max? Should we ask them to not lobby the government for tax breaks and favorable licensing, etc. ?
If so, do we feel bad about taking money from bill gates? Microsoft has a history of anti-competitive behavior.
What about businesses that probably harm society overall?
Facebook has probably been net-bad for society in my view- though it is hard to imagine what would exist if it was gone—Should we feel bad about taking money from meta?
If I’m in a VC meeting trying to get funding for my startup, should I not significantly exaggerate my product? Isn’t this what everyone does while in a VC meeting?
What if we know for sure that we can lie to consumers, make a ton of money, and there won’t be any backlash for it (yes this is probably not a real situation). Are we not doing that? if so we aren’t utilitarians, which is fine but then why are we utilitarians in our cause prioritization? Seems arbitraryetc.