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View Diary: Corporations Can Wait (44 comments)

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  •  Corporations are evil, by design (5+ / 0-)
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    Mentatmark, gulfgal98, Zyx, jbmjack, NoMoreLies

    Not to beat a dead horse, but people forget that corporations were invented not naturally occurring. And they were invented for a reason, and the reason was colonialism. They were created specifically to limit accountability of the people who gave the money for them. That continues to this day and is the number one reason that we are in the predicament we are in. The lack of accountability will kill us all.

    •  US Corporations 'Invented' to Pool Resources (1+ / 0-)
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      Nothing really that negative about the initial creation of corporations, the current monsters owning our lives are born via the gradual perversion of them over the years.

      They were invented with the best of intentions, major public initiatives required huge resources and enabling shareholders to earn a profit was a way to accomplish the initiatives.

      • Corporate charters were granted for a limited time and could be revoked promptly for violating laws.
      • Corporations could engage only in activities necessary to fulfill their chartered purpose.
      • Corporations could not own stock in other corporations nor own any property that was not essential to fulfilling their chartered purpose.
      • Corporations were often terminated if they exceeded their authority or caused public harm.
      • Owners and managers were responsible for criminal acts committed on the job.
      • Corporations could not make any political or charitable contributions nor spend money to influence law-making.

      Seems fairly logical.  Too bad they degenerated into the excrement they are today.

      •  No, they were created to finance (0+ / 0-)

        overseas colonialism. They were created to enrich the wealthy even further while limiting risk and accountability. Things like the British East India Company. Those weren't created for the betterment of anyone except colonialists.

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