Corporations equal the end of Capitalism

Posted by ycandrea 1 year, 6 months ago to Politics
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I have been espousing for the last 20 years that Capitalism cannot exist in a corporate world. To incorporate is to limit your liability and responsibility for decisions you make with your company. It is wrong, in my opinion. When we started incorporating was, in my humble opinion, the beginning of the end of Capitalism. And it looks like my theory is coming to fruition. Even Dagney could not stand the "Jim's" Board of Directors. She would have nothing to do with this malignancy in her company.

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  • Posted by $ BobCat 1 year, 6 months ago
    Nationalization of the big corporations will be the next step, if it isn’t already occurring.
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    • Posted by Lucky 1 year, 6 months ago
      Yes for communism.
      No for fascism, the big corps already do as they are told by burn-loot-murder and the carbon nuts. See, corporate responsibility, triple bottom line, serving all stakeholders, blahblah ..
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    • Posted by $ Markus_Katabri 1 year, 6 months ago
      Klaus Schwab’s wet dream has something about converting companies from stockholder ownership to stakeholder ownership. I know what I think that means. But, I don’t believe they think it means, what I think it means.
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  • Posted by $ Abaco 1 year, 6 months ago
    My problem is what a favorite trader of mine labels "Govopoly". I don't mind corporations. I don't like lobbying (bribes), especially when they do it. That's like the veterinarian bribing the farmer to drug his animals and totally screw them up with no recourse. No...seriously, that's just what it's like. You're the livestock.

    That said, if you understand Govopoly and something called "political intelligence" you can make a lot of money in the markets.
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  • Posted by $ kbillado 1 year, 6 months ago
    So you are saying that the person who has the idea to make a product that people will buy, should be able to control the direction of their company? Great point. I think the progressives should be notified that
    one man or woman should chart their own destiny.
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  • Posted by Lucky 1 year, 6 months ago
    I disagree with that as a generality for a number of reasons but there is sense in it.
    There are some things that only natural persons can do-
    eg. own a driver's license, get married ..
    There are things that corps are allowed to do that should be stopped-
    for one, short selling,
    and how about trading in shares generally?

    This limited liability can be a good thing. Problem is when amounts of money are very large, that is when it is other people's money, and where there are rake-offs, but losses are borne by individuals who have not authorized tricky transactions.
    It must be constrained.
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