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View Diary: Corporations are NOT People (59 comments)

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  •  Man created god in the image of what he would (7+ / 0-)

    like to be like--eternal, omniscient, immortal, invisible, omnipotent, etc.
    Man also created corporations as secular versions of the deity.
    As a practical matter, the Constitution outlines a public corporation that is assigned specific duties and obligations ahead of time and designated to carry out those and nothing more or less.
    That's the format that should also be followed in setting up and authorizing private corporations. However, the selveral states, also public corporations, have found it advantageous to set up private corporations to behave as might the guard dogs some people keep -- i.e. to do their dirty deeds.
    Delaware has Dupot on its books, as one might have a tiger by the tail. Ditto for North Dakota and some of the credit card companies.
    Bank of America relocated to North Carolina. Why? Because the state let them get away with all kinds of shenanigans. The legislature refused to impose regualtions and set practical limits on their operations.
    Of course, New York has stiffer standards, but even there enforcement is difficult.
    Time is of the essence. The criminal law presumes that the judicial system will not be involved until AFTER an injury has been caused. That's a good principle when we're dealing with individuals whose potential for mayhem is limited and who can be fairly easily restrained.
    Corporations are supposed to be subject to limitations BEFORE hand. This also makes sense because groups of people acting together are much more powerful and able to make a bigger mess.
    But, the people who often prattle on about "limited government" are actually scofflaws and do not like limits imposed on themselves or their friends.

    Obamacare at your fingertips: 1-800-318-2596; TTY: 1-855-889-4325

    by hannah on Tue Nov 26, 2013 at 03:19:25 PM PST

    •  Good points. Going further, (6+ / 0-)

      I'd say that the corporate form today diffuses personal responsibility, which is largely responsible for the breakdown in our political governance and our inability to solve huge problems like global warming. Nobody is to blame. No one is responsible. The "corporation" did it.

      •  Corporations are organized to mitigate and (4+ / 0-)

        distribute risk. There is a benefit to be had from directing subordinates to undertake new, risky and untried enterprise so that, when they fail, as they often must, the head of the organization does not crash/suffer/become intimidated and can learn from the underling's mistake and order something else to be done.
        Of course, for that to work, the mission of the organization needs to be positive. Just accumulating lots of monetary profit doesn't qualify, because the easiest way to acquire money is to steal it. So, it's almost impossible to have a moral purpose when profit is the driving force.
        How the accumulation of money became the holy grail is a bit of a puzzlement. Not so long ago it was considered gauche to brag about one's wealth.

        Obamacare at your fingertips: 1-800-318-2596; TTY: 1-855-889-4325

        by hannah on Tue Nov 26, 2013 at 04:27:01 PM PST

        [ Parent ]

        •  the glorification of greed (4+ / 0-)

          is indeed one of, if not our most, fundamental social problem

          and perhaps the problems we now incur through the corporate form are really a subset of that fundamental problem

          i believe, however, that part of what enables the plutocracy is that the corporatists have learned how to deflect responsibility

          i also believe there are people spending serious money and utilizing fabulous talent to deceive the american people into glorifying wealth

          measuring everything in economic units is the core of the neoliberal/libertarian philosophy that presently serves as our secular national religion

        •  One of my lawyers refers to himself as (2+ / 0-)
          Recommended by:
          Youffraita, pat bunny

          The Church of Limited Liability.

          Still pays taxes, though.

          I live under the bridge to the 21st Century.

          by Crashing Vor on Tue Nov 26, 2013 at 04:46:19 PM PST

          [ Parent ]

          •  Taxes are merely the mechanism whereby (1+ / 0-)
            Recommended by:
            Crashing Vor

            currency is returned to its source, whence it issued in the first place and whence it will be issued again. Think of it as sending a shirt to the cleaners.
            We need to demystify and de-deify the dollar.
            I'm not sure that obsessive accumulation is a moral failing as calling it greed implies, unless squirrel-like behavior is to be considered immoral.

            Obamacare at your fingertips: 1-800-318-2596; TTY: 1-855-889-4325

            by hannah on Wed Nov 27, 2013 at 02:21:07 AM PST

            [ Parent ]

            •  When The Other Squirrels Are Starving ... (1+ / 0-)
              Recommended by:
              Crashing Vor
              I'm not sure that obsessive accumulation is a moral failing as calling it greed implies, unless squirrel-like behavior is to be considered immoral.
              ... hoarding obscene amounts is indeed a moral failing. But don't take my word for it, ask the Pope:

              Pope Francis: Unfettered Capitalism Is "Tyranny"; Economic Inequality "Kills."

              •  Well, the thing about squirrels is that they (1+ / 0-)
                Recommended by:
                Crashing Vor

                have poor memories. They accumulate piles of acorns and then forget where they left them. So, once the trees are bare and the nuts are no longer in plain sight, they start digging in any loose dirt or leaf litter mounds, where the accumulated nuts are then found, presumably by the most assiduous digger.
                Beavers have the same problem. They fell trees and shrubs and then forget where they left them. That's what drives the humans nuts. Beavers waste so much more than they use.
                Native American humans had the good sense to realize that the beavers were providing them with firewood and poles for their teepees.
                Woodchucks do not chuck wood, but beavers do.

                Obamacare at your fingertips: 1-800-318-2596; TTY: 1-855-889-4325

                by hannah on Wed Nov 27, 2013 at 04:08:59 AM PST

                [ Parent ]

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