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He is simply right. The global trend is, that governments in all nations loose more and more of their former power and (partially) dump it to international cor

He is simply right. The global trend is, that governments in all nations loose more and more of their former power and (partially) dump it to international corporations which hold the real power in their hands. There is an older documentary, that is still valid with the name "The Corporation" which shows, how corporations have used the US constitution and decades of lobbying and court cases to gain more and more power. So today, the corporations are difficult to held liable for things they do (in many cases they come away with small fees that don't even cover the harm they caused), but enjoy many of the rights which where meant for real citizen. This documentary comes to the conclusion, that many corporations behave like psychopaths, because when a corporation has to decide, (for example) to keep the environment clean or make more profits, the corporation rule is, to go for the money and forget about the rest. Anybody should watch this. Either on DVD, or I also spotted it on worlds favorite video site. With international treaties like TTP and others, the power of international corporations is hardened and it gets more and more difficult to reverse this global trend. With all their lawyers and lobbyists, the corporations are bound to win over the democracies -- what dictators did not manage to. This trend is undermining democracies and human rights, because corporations are not democratic and have only one rule to obey: The profit rule. So finally, we are all governed by money and nothing else.

teddyh 11y ago
(You mean “documentary”, not “documentation” – I was confused for while.) Also, link: http://thecorporation.com/ http://thecorporation.com/
- PythonicAlpha 11y ago
  Thank you very much! Changed my text. As non-native speaker, the differences don't shine out so visible.
hwstar 11y ago
This is why some corporations should be forcefully converted to benefit corporations which have more stakeholders than profit alone. Big Pharma, Insurance, and Utilities should be converted first.
- PythonicAlpha 11y ago
  I would agree. The current trend (at least in Europe) is the other direction. In Europe we want to privatize more and more Utilities and other institutions that belonged to the public sector. Schools, water, electricity ...
  - hwstar 11y ago
    Privatization isn't bad provided that key corporations are answerable to more than just profit alone. This is the key aspect of a benefit corporation. A lot of what is wrong with large corporations is that they don't place any priorities on customers, employees, and the environment, when making the most profit is what they are legally mandated to do. Making a profit needs to be balanced with the reason the company is in business, (i.e. the needs of its customers), its employees, and the environment.
    - PythonicAlpha 11y ago
      > Making a profit needs to be balanced with the reason the company is in business, (i.e. the needs of its customers), its employees, and the environment. I completely agree. I also don't think, that public sector is always optimal. Public institutions some times tend to be inefficient. The problem, I see in many privatizations, is that profits are the main (and sometimes only) motive and any efficiency improvements are put into shareholder value instead into public benefit.

teddyh 11y ago

(You mean “documentary”, not “documentation” – I was confused for while.) Also, link: http://thecorporation.com/ http://thecorporation.com/

PythonicAlpha 11y ago
Thank you very much! Changed my text. As non-native speaker, the differences don't shine out so visible.

hwstar 11y ago

This is why some corporations should be forcefully converted to benefit corporations which have more stakeholders than profit alone. Big Pharma, Insurance, and Utilities should be converted first.

PythonicAlpha 11y ago
I would agree. The current trend (at least in Europe) is the other direction. In Europe we want to privatize more and more Utilities and other institutions that belonged to the public sector. Schools, water, electricity ...
- hwstar 11y ago
  Privatization isn't bad provided that key corporations are answerable to more than just profit alone. This is the key aspect of a benefit corporation. A lot of what is wrong with large corporations is that they don't place any priorities on customers, employees, and the environment, when making the most profit is what they are legally mandated to do. Making a profit needs to be balanced with the reason the company is in business, (i.e. the needs of its customers), its employees, and the environment.
  - PythonicAlpha 11y ago
    > Making a profit needs to be balanced with the reason the company is in business, (i.e. the needs of its customers), its employees, and the environment. I completely agree. I also don't think, that public sector is always optimal. Public institutions some times tend to be inefficient. The problem, I see in many privatizations, is that profits are the main (and sometimes only) motive and any efficiency improvements are put into shareholder value instead into public benefit.