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dom1971
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In Defense of the Corporation

- Keith Weiner -

Great read... and some of my ill-will towards the corporate system has been dissolved. I now have a better appreciation for both sides.

However... The corporation is often owned by a faceless group of investors, usually via managed funds. They are slaves to the demands of share-holders slamming their fists for ever-increasing profits. The shareholders are drawn to invest in ever-increasing hoards as fiat currencies lose more purchasing power over time. This causes corporations to act in ever-more callous (even "evil") ways to obtain these profits and compete amongst themselves.

If a shampoo manufacturer can obtain palm oil for 1% less and boost company profits by 0.1% by buying from sellers that illegally clear land in tiger sancturies... then it happens. Not because the directors are a*holes and don't care about tigers, but because their faceless shareholders demand it of them. Most people would let the 0.1% profit slide if they knew what it would cause, but their managed fund's portfolio keeps all that ugliness at arms length. Its not a problem for the individual.

It's this impersonal nature of corporate investment that drives much of the ugliness in the world today. Problem is we're too busy enjoying the benefits to notice.
:)

Commented 4354 days ago

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Beginning of the headline :© April 28, 2012 by KeithWeiner Today, thegovernment of the USAis in anaccelerating transition. For the first 100years (with a few exceptions) thegovernment of the USAexisted to set man freefrom men. Therights of the peoplewererespected by thelaw and by the courts. Anditis nocoincidencethat the USAgrewfrom asmallagrarian society in the 18thcentury toawealthysuperpowerbarely acenturylater... Read More

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