Managers in such "left" societies are no less technically capable, but their organizational constraints, incentives, and goals are less pro-shareholder. When forced to cut employment, they are more likely to think that they are destroying lives rather than raising economic efficiency and increasing wealth.
因此，如果政治和社会价值观明显倾向于劳动力，经理对股东利益的忠诚度就会受到影响。如此"左倾"社会中的经理不仅在技术上能力受限，其组织约束、动机和目标也更少为股东考虑。被迫裁减员工时，他们更倾向于认为是在摧残生命，而不是提高经济效益和增加财富。这样的社会中上市公司的数量减少，很少或几乎不存在所有权的分离。