I’ve been thinking about this more, and it’s occurred to me that there is an underlying assumption in It’s not he purpose of the loan industry… that corporations are required to make decisions amorally - which is don’t think is or should be the case. That may be an underlying schism in our argument.
You are correct. I expect that corporations understand they exist in a competitive environment and incorporating morality represents a real risk that your competitor will replace you, because morality is not profitable.
I do agree that if you expect corporations to act morally, then it would be sensible for them to be more careful in understanding and correcting long-term social ills.
