Business culture pressures, such as the long-noted phenomenon of corporations pursuing short-term maximization of profits via cost cutting or avoidance that is damaging to long-term best interest, may play a role in addition to mere incompetence.
12.
In a foreward, economist Kenneth Arrow wrote : " In every modern economy, no matter how strong the pledged and actual allegiance to the ideology of the market, there is a significant portion in which production is not governed by the maximization of profit and there are no legal claimants to any of the revenues ."
