Hrm. I don't know if I agree. I am the C.E.O. (and an Economist) of a medium-sized I.T. firm in Canada and designed the company to be as ethical as it could possibly be from the ground up.

1. All employees have equal votes after their initial 3 months is up in any part of the company that they are engaged in. I can (and have) been outvoted.
2. After employees are here long enough (3 years), they can purchase shares if they like.
3. I am the lowest paid full-time employee at the company by design. I do not take dividends.
4. We operate on a Matrix org chart meaning that the "boss" on every project changes based on who is best suited to lead it and who has experience in that area.
5. We have it in our charter that there are never any outside shareholders allowed. If you leave the company, your shares are purchased by the company for current market value. This includes myself.
6. We have acquired other companies. We have never had to pay for one. Our procedures and ticket counts are astronomically low compared with other I.T. companies (which are called MSPs) because we're exceptionally thorough that they literally give themselves to us.
7. We are as environmentally conscious as we can be. We redo and donate old systems to nonprofits and schools where we can. The only waste we put out is literally dead hardware - no forced upgrade cycle. Electricity bills also drop dramatically at clients we take over due to more efficient machine use.
8. During COVID, we gave away over $500k in free support. I figured it was more important that our nonprofit clients stay open than we stay open.
9. We have a full FOSS stack that we can deploy if a company is open to it (and would like to save a bit of cash to boot).
10. In nearly ten years, we've never had an employee leave, and never had a client leave (well, we had one restaurant client close during COVID, but I don't count that).
11. We have full benefits.
12. We have zero interest in "infinite growth" as it's not a functional model. We have turned down clients because they don't "get" us and would be a headache for our staff.

All that being said, I'm not bragging, I'm genuinely asking... what if other companies were run the way I run my company? What's the ethical issue? And no, this isn't theoretical, this is how we actually operate. There's no hidden evil.

I understand that not every business owner is "good." With proper regulation, however, we can make them at least behave way, way the fuck better. It's a form of Social Capitalism and it's exceedingly functional from my experience.