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Message: <blockquote data-quote="Krensky" data-source="post: 4747090" data-attributes="member: 30936">A few bad actors does not equate to corporations being evil. Unless you already decided that they are due to political and ideological grounds unrelated to the current problems, in which case this discussion will likely go no where.The problem is not the concept or legal fiction of a corporation (well, other then the wackiness deriving from Santa Clara County v. Southern Pacific Railroad Company here in the US), it has to do with the systematic (and cyclic) stripping away of regulations on their practices on the (repeatedly proven wrong) belief that the market can regulate itself. This combined with the insane amount of security speculation brought about by day trading and the explosion of the 401(k).Limitations on executive compensation, restoring much of the regulation that was stripped away since the 1980s with adjustments and additions to reflect the modern world, and a return of some measure of personal responsibility for corporate executives and governors would do wonders. Things would also be helped far more if shareholders actually took an interest in and invested keeping morality and ethics in mind and voted their shares appropriately. Part of this is applying common sense and realizing that no business can provide higher and higher profits an ever increasing rate forever and trying to do so is a recipe for disaster for the corporation and society.The problem isn't corporations. The small business supermarket I shop at is owned by a corporation consisting of the grocer, his sons, and his father. The point of a corporation is so that owners and employees of a corporation are not personally liable for the business' debts. The problem is with people working at corporations. There are a number of examples of good people running corporations, like a CEO on New Jersey who make a gift of $1000 to each of his employees out of a deferred bonus from two years ago.Corporations can not be evil. They are not people. Corporations are amoral, not immoral. They do not and can not possess morality. The people who run them can be evil. Because they're people.</blockquote>

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