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Forum Post: Corporations are just doing what we designed them to do....

Posted 12 years ago on Oct. 31, 2011, 3:39 p.m. EST by Greyt1 (1)
This content is user submitted and not an official statement

... Maximize profits for shareholders..period..that's it...no social conscience. It's just that they are now really good at doing it and don't care what people or governments think because their systems and operations are more effective and focused than any other human endeavor in the world today.

the only way to change this is to change what it means to be a corporation, and this all starts with US law as corporations were 1st created in the US and the vast majority of corporate law globally has it's roots in US law.

OK so how do we get there...it's tough...we need to State fund political parties and elections, eliminate outside funding of both....only then can we amend laws governing the corporate legal entity so that companies are not designed to pursue profit for shareholders to exclusion of all else. of course corporations will fight every step of the way.

We'll have long enough in trying to get to this point to work out how to deal with Global Corporations that won't comply,how to make this system international and to decide exactly what legal form do we want Corporations to take.

these are all huge challenges, but if this movement is to make the changes it seeks to ... this is the path.



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[-] 1 points by pitmaster (16) 12 years ago

"no social conscience"......how terrible......By the way, after taking a short position in today's equity market, I've made a pre-tax profit of +/-$10,000......Ain't capitalism the best!

[-] 1 points by Greyt1 (1) 12 years ago

not terrible or good,just the way they're designed.not sure what your casino winning have to do with any of this..but luck to you.

[-] 1 points by randart (498) 12 years ago

The large corporations who get the bulk of the wealth of this country are doing those things they bought and paid for from our politicians. If we can get the money out of politics then maybe we might have a reason to feel as though our vote matters.