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Tuesday, January 26, 2016

Corporations are bad

I think maybe that is just sometimes true.  Corporations everywhere are much the same, and, the way they are structured, to get to the top and deal with competitors, you have to have a certain set of ethical lacks.  Hence making money prevails over employees, customers, and nature.  Some are worse about that than others.

Corporations, though, serve a necessary function, even in socialist states.  You need to organize a business along autocratic lines (benevolent but still autocratic if you want to hold employees and still get things done).

The good thing about capitalism is that risky ventures can be undertaken by private interests, rather than the government, in return for most of any profits.  The most efficient way for private interests to do this on large ventures is the limited liability corporation.

The bad thing is that they will do whatever is necessary to maximize profit, including gouging the public, putting out unhealthy products, destroying competitors, exploiting resources and employees, false and misleading propagandistic advertising, bribing government officials (such as corporate donations to political campaigns) and so on.  Government and law is needed to curb this, in hopes of getting the good from corporate organization and mitigating the bad.

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