isadore;1230526 wrote:Corporations exist because of government, not vice versa. They are created by a charter given to them by government that gives them certain advantages. They become economic entities with the right to make contracts, issue stock, borrow. The corporation is responsible for these actions, not individuals. Government also grants the advantage to the corporations and stockholders of limited liability so no matter what horrendous thing this corporations do, the stockholders responsibilities are limited. Gosh government even gave these artificial, soulless entities the right to participate in the political process.
And then government let them loose on society, and they exploited men, women and children workers, they produced dangerous, even deadly products. That is what they did when they were allowed to act as they wished.
Then the people acting though their government put limits on these soulless entities on how they could treat workers, consumers and the corrupted political process. WE HAD SEEN HOW THEY ACTED WITHOUT REGULATION And after all besides the abuses, why shouldn’t the government be able to regulate entities it brought into existence and endowed with so many advantages. Now those regulations are softening and the abuse is increasing.
Corporations exist to diversify risk and cost. Without them, you kill innovation. You clearly don't get this. These "economic entities" you refer to have no power or ability to do anything - people are behind everything. The corporation didn't outsource your job, some mid-level manager in operations did.
Say what you want about rights and privileges granted by govt, the bottom line is a corporation is inherently benign, neither benevolent nor malevolent. Corporate actions, driven by its workers and shareholders, are what you have issue with. And the reality is the largest shareholders are typically big pension and mutual funds that have mom & pop as investors.
