If all companies had ana objective of maximizing shareholderswealth would people overall tend to be better or worse?

If all companies focused solely on maximizing shareholder wealth, it could lead to short-term gains for investors, but potentially at the expense of broader societal interests. This narrow focus might result in cost-cutting measures that harm employees, environmental degradation, and neglect of community welfare. Consequently, while shareholders might benefit, overall societal well-being could suffer due to increased inequality and reduced investment in sustainable practices. Therefore, the overall impact on people could be worse.