A corporation is essentially a solidified structure for greed.
Ownership is distributed among stockholders, who have no accountability. They don’t care anything about the actual business accept that it makes money.The committees and CEOs who control a corporation only care about money, and are detached from the workers and management. Legally a corporation receives a social security number, and that’s what makes it legally capable of being sued. But it gets the same rights as a human being–or even more. It has specialized teams devoted to every nuance of making money and getting away with violations. If they don’t like a law, they go to a different country and make it an import. The people who actually run the business have no form of control or communication. And almost no one can piece together what a corporation is actually doing at any given time.
CONCLUSION. Corporatizing a business should be illegal.


5 responses »

  1. encyclocrat says:

    Greetings, forgive my impudence but is it not slightly disconcerting that you are making such large statements about companies?

    The legal imperative of a corporation is to ensure that profit is optimized for shareholders and thus that is the primary obligation of the CEO. And theoretically the idea of corporations having human rights (baring the certain countries and their rulings on corporations) are in large economically oriented.

    And the business of importing is generally the manner in which many goods across the world are at a low (relatively) cost.

    • Yes, I realize that these are broad statements. But I believe the generalization is accurate. It is good that corporations make things cheap and accessible. The industrial revolution created the middle class and overall increased the quality of living.
      Apart from volume I really see nothing good about corporations. Good people and policies are eliminated from the authoritative positions, as companies which are more greedy will naturally win the market.

      • encyclocrat says:

        Greetings, then what is your alternative? Corporations while being greedy do offer a shield by which organizations can experiment without having debt collectors claiming personal assets in case of bankruptcy. How do you suggest modifying the system then?

  2. I am not sure what you mean by the “shield”. Do you mean that corporations are too big to fail, that there is an economic fail safe for investment, or that corporations act as a shield for the economy as a whole?

    There are several alternative proposals I have heard. I do not accept communism as a viable government structure, but socialist policies are good in principle. For instance imagine a massive nation-wide library system for any kind of product you might want or need. Another I’ve heard is wellness incentive markets. Private medicine is so corrupt and inefficient, that it is often a detriment to innovation and medical services. By mandating payment not through sales, but recovery and prevention, the system would straighten out, and become what it is intended to be.

    I think limiting the growth of businesses so that ownership resides in management preserves the accountability necessary to ensure ethical economic policies. Of course this creates a TON of libertarian arguments, because it’s ultimately an infraction on the “rights” of a business, but it actually promotes innovation by making sure that there are accountable people. It also resists the formation of monopolies.

    • encyclocrat says:

      Greetings, when I mean by shield I mean that it allows corporations to take risks that they would not normally consider say in R&D for example. By allowing the people a guarantee that their personal assets will not be claimed corporations stir innovation.

      And those are good ideas, I do prefer a more government intervention preferably in the form of Crown Corporations. There needs to be a change in corporate culture from the ground up though. More about pragmatism than crazed money making.

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