epiphiny43
Posts: 688
Joined: 10/20/2006 Status: offline
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Any organization or group which exists for One purpose, aggrandizement of the owners/participants, is, by definition, amoral at best. For those who share the conception that all members of a society share responsibility for both the society and it's conduct (See: Fathers of our Republic) corporations largely lend to criminality. A. Lincoln warned precisely of unregulated corporations (at the time, first being given status in Court, as individuals, same as citizens) destroying the Republic, it's just taking a bit longer than he thought. A Mr. T. Roosevelt slowed the progression? A more benign way to express the problem: All businesses are Forced to take all liberties to the very limit of opportunities, or they will be devoured by competitors who do. As current law allows stock holders to SUE management Personally for 'lack of fiduciary responsibility" (Making all decisions so as to maximize profits), they have few other options. We hear of Corporate Responsibility, which on close examination almost always turns out to be careful and cynical PR, advertising disguised as social morality. The problem is that corporate capitalism is the most dynamically energetic of competing economic systems. Largely because it manages to access Everyone's savings through leveraging loans from the banks we all keep our money in, in essence, renting money they don't have, to be paid back by profits they may not make. Interlocking directorates among all the major corporations and banks means the board of directors will always profit, or at least have Golden Parachutes for most eventualities, the small stock holder and uninvested civilian/taxpayer always get the bill when things go wrong. (Obama didn't save Wall Street after the biggest self-inflicted wound in history, US taxpayers did. And Won't be paid back.) The best analogy is that Corporate Capitalism is the most competitive of economic systems. In the same way a Pancreatic Cancer is the most dynamic organ in the body. With the same end as with all unregulated growth, Capitalism, like terminal cancer, eats it's host. The Earth in the case of international Capitalism, the patient for cancers. How to maintain the benefits of robust entrepreneurialism without the obvious problems of terminal growth remains One of the conundrums our species faces at present. Without creative social and technical experimentation and whole new approaches to energy, sustainable ecologies to provide essential food, water and air, and some overarching concept which gives deeper meaning to life than simply obscene riches, we are doomed to one of the obviously fast approaching world wide catastrophes all serious students of current affairs see galloping towards us. Micro-moralled, uneducated, image-absorbed, Narcissistic demagoges being manipulated by equally short sighted 1%ers and foreign dictators, running major countries is only more gas on the fires about to burn urban civilization down.
< Message edited by epiphiny43 -- 4/26/2017 4:07:15 PM >
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