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Greed, Need, Risk and Regulation : Anthony de Jasay
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A somewhat different but related charge accuses the capitalist firm of social irresponsibility because profit-maximisation serves the interests of capital only but would, if it could, squeeze labour to the point of inhumanity. The apparent bias against labour is mostly an optical illusion due to the fact that adversarial bargaining over wages and conditions is highly visible, while no such adversarial bargaining surfaces in the firm's recourse to its shareholders or to the capital market. However, in reality the profit-maximising firm is unbiased toward either labour or capital. Towards either, its attitude must be one of striving to equate marginal value product to factor price, whichever of the factors it may prefer.