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This is incorrect: "Corporations are meant to serve the public good by encouraging investment and limiting liability of investors not involved in decision makin
by l3m0ndr0p 11y ago
This is incorrect: "Corporations are meant to serve the public good by encouraging investment and limiting liability of investors not involved in decision making"
Corporations are meant to do one thing, make money for the share holders at any cost, by not breaking laws or not being caught breaking laws (or rewrite them). Corporate behavior today reflects this.
The key to improving investment is to prevent corporations from moving their wealth to offshore hideaways. The government must ensure that corporations better serve the public good, because many corporations receive multiple benefits from government: reduced taxes (too many), human resources & infrastructure (to name a few)
- maxerickson 11y agoThe comment you replied to isn't saying that all corporations serve the public good, it is saying that the grant of limited liability only makes sense if corporations in general end up being beneficial. If they aren't beneficial, we should stop granting investors limited liability.