... [Adam] Smith noted that businessmen — like all human beings — are often self-serving hypocrites. His point was that free commercial markets turned self-interest into public benefit. We can only serve ourselves by serving others. Meanwhile Smith scoffed at those who would “trade for the public good.”Great column! Read any corporate annual report and you'll find it filled with the same kind of posturing bafflegab about "stakeholders", "corporate social responsibility" and "sustainability". They dedicate people as full-time generators of this bullcrap and to sucking up to NGOs.
Posturing obviously comes more easily to the search engine and Internet tycoons because they can claim they are more virtuous than those who run wicked old smokestack industries. Except, that is, when they are advertising their products, which just happens to be how the new tykes make most of their money. This brings us to Facebook founder Mark Zuckerberg’s letter in this week’s IPO filing.
... In his letter, Mr. Zuckerberg, who stands to be worth up to US$28-billion, claims that Facebook was “built to accomplish a social mission — to make the world more open and connected.”
... Where it really gets murky is where he writes, “Over time, we expect governments will become more responsive to issues and concerns raised directly by all their people rather than through intermediaries controlled by a select few.”
... We have representative democracies for a reason. They don’t always work that well, but they are certainly preferable to the rule of any NGO-stoked Occupy cybermob.
... it’s worth noting that while rattling on about higher purpose and the voice of the people, Mr. Zuckerberg ... is keeping a firm grip on Facebook control via a dual share structure. ... while he is paying lip service to the meddlers, he is doing his best to insulate himself from them. We knew he was a smart young man. Shame about the bafflegab.
Saturday, February 4, 2012
facebook's Mark Zuckerberg is "a self-serving hypocrite"
Peter Foster: "Two-faced book"