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Old 08-26-2019, 08:59 AM
 
Location: SGV
25,548 posts, read 9,921,152 times
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Quote:
Originally Posted by Eumaois View Post
Doesn't the same or a similar concept apply to fascist, socialist, and communist governments?
Yes. Now we're getting somewhere!

And all governments are socialist so there's no need for the different brandings.
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Old 08-26-2019, 09:02 AM
 
Location: SGV
25,548 posts, read 9,921,152 times
Reputation: 9903
Quote:
Originally Posted by ChiGeekGuest View Post
Alright, I'll buy the USA is a corporation.

The government is limited by the US Constitution, if government is a corporation, why shouldn't private for-profit corporations be limited?

Should corporations have the same rights as people? People have natural life-spans, corporations have the potential for immortality; this aspect (as well as others) is problematic.

Money is not free speech, get this: it's money.
States shouldn't exist. They have no moral or logical primer for existence.

Corporations enshrined under States shouldn't exist. They too have no moral or logical primer for existence.
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Old 08-26-2019, 09:09 AM
 
9,990 posts, read 2,453,642 times
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Why are corporations so evil?


They are not evil. They are just machines.

For instance, humans with a heart (and soul) might say that having received an enormous windfall tax break that companies would feel morally obligated to pass at least some of that along to employees in the form of increased wages. Certainly Steve Mnuchin wanted us to think so.

But corporations are no respecters of morality ... they do not have a heart, they are not real people, they are machines. "Shareholder Value" is the only principle these machines are designed for. That is all they can reasonably be expected to do.
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Old Today, 04:37 AM
 
Location: *
8,202 posts, read 2,482,195 times
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Quote:
Originally Posted by Hesychios View Post
Why are corporations so evil?


They are not evil. They are just machines.

For instance, humans with a heart (and soul) might say that having received an enormous windfall tax break that companies would feel morally obligated to pass at least some of that along to employees in the form of increased wages. Certainly Steve Mnuchin wanted us to think so.

But corporations are no respecters of morality ... they do not have a heart, they are not real people, they are machines. "Shareholder Value" is the only principle these machines are designed for. That is all they can reasonably be expected to do.
Yours is a reasonable & rational assessment of these matters, imho. As for Steve Mnuchin, aka the 'Foreclosure King'? 'I wouldn't trust him as far as I could throw him' .

& the old shareholder value canard? It's propaganda masquerading as mythology or vice versa. Another exposed sacred cow of our economic system.

Making Sense Of Shareholder Value: 'The World's Dumbest Idea'

https://www.forbes.com/sites/stevede.../#467f7c7f2a7e

The CEO of GE from 1981 to 2001, Jack Welch, was saying this in 2009, (remember 2009?) & Peter Drucker before him in the 1950s.

Y'gotta wonder what kindof tricks Jamie Dimon & the others have 'up their sleeves' to be saying something similar in the present day.

Nearly 200 CEOs Say Shareholder Value Isnít Everything

https://www.forbes.com/sites/rachels.../#11c14f1dd410

I'm with you, I favor people over machines. Call me crazy.
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Old Today, 04:55 AM
 
2,698 posts, read 3,124,213 times
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Because typically they:

1. Convince people that they have a problem and need a product that they really donít. Then convince them to overpay for it.

Or

2. Are involved with transactions and add costs that donít need to be added.

Think about this. We saw a huge increase in life expectancy because of improved food water standards, antibiotics and vaccines. A large portion of this can be attributed to public funding. Currently we are seeing a drop in life expectancy attributable to sedentary lifestyle and the opioid epidemic largely brought to you by corporate America.
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Old Today, 05:02 AM
 
Location: *
8,202 posts, read 2,482,195 times
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Quote:
Originally Posted by StillwaterTownie View Post
Besides politicians, the past Supreme Court decisions would disagree with you.
https://www.npr.org/2014/07/28/33528...egal-evolution
I enjoyed reading that piece ~ a succinct historical perspective of how we got here, citing the Tillman Act of 1907, et cetera, thanks for putting it here.

It's worth noting Citizens United v. FEC (2010) is making the list:

13 Worst Supreme Court Decisions of All Time

https://blogs.findlaw.com/supreme_co...-all-time.html
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Old Today, 05:43 AM
 
67,154 posts, read 30,767,524 times
Reputation: 8812
Quote:
Originally Posted by ChiGeekGuest View Post
I enjoyed reading that piece ~ a succinct historical perspective of how we got here, citing the Tillman Act of 1907, et cetera, thanks for putting it here.

It's worth noting Citizens United v. FEC (2010) is making the list:

13 Worst Supreme Court Decisions of All Time

https://blogs.findlaw.com/supreme_co...-all-time.html
Old list. It should also now include Williamson County Regional Planning Commission v. Hamilton Bank of Johnson City, a 5th Amendment takings case. It has now been overturned, and rightfully so, by Knick v. Township of Scott.
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Old Today, 06:00 AM
 
Location: Manchester NH
9,975 posts, read 2,793,572 times
Reputation: 2661
I'm not going to say corporations reward negative behavior and punish positive ones since that is a subjective term, but when you give so much power into the hands of executives to pursue their own interests they end up harming the thousands of workers, contractors, adjacent businesses, environmental health, and social health of society.

The problem is corporations have too much power and control over our financial system and consumption habits, often they go as far as organizing our social behaviors through controlled product introduction, removal of competing services, price manipulation, and marketing/product placement.
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Old Today, 06:18 AM
 
Location: *
8,202 posts, read 2,482,195 times
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Quote:
Originally Posted by Winterfall8324 View Post
I'm not going to say corporations reward negative behavior and punish positive ones since that is a subjective term, but when you give so much power into the hands of executives to pursue their own interests they end up harming the thousands of workers, contractors, adjacent businesses, environmental health, and social health of society.

The problem is corporations have too much power and control over our financial system and consumption habits, often they go as far as organizing our social behaviors through controlled product introduction, removal of competing services, price manipulation, and marketing/product placement.
Re: underlined: this is the definition of economic moral hazard.
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Old Today, 06:23 AM
 
67,154 posts, read 30,767,524 times
Reputation: 8812
Quote:
Originally Posted by Winterfall8324 View Post
I'm not going to say corporations reward negative behavior and punish positive ones since that is a subjective term, but when you give so much power into the hands of executives to pursue their own interests they end up harming the thousands of workers, contractors, adjacent businesses, environmental health, and social health of society.
If that were actually true, they would cease to exist. Corporations are symbiotic (so to speak), not parasitic. If there was so much public uproar over their business, hiring, etc., practices, few would buy their products/services and they would cease to exist.

Take Apple or Google (includes Android products/services), for example. They have overseas production and/or use lower-paid H-1B workers, bypassing paying higher wages to US workers, and therefore have huge net profit margins. And how many people refuse to buy/use their products/services? Not many. Why not? They're providing goods and services people want at a price people are willing to pay.
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