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> Corporations have rarely (if ever) been meant to further public good. Sorry, no time for sources, but you might want to research history of limited liability
by beefield 8y ago
> Corporations have rarely (if ever) been meant to further public good.
Sorry, no time for sources, but you might want to research history of limited liability. The whole raison d'etre of corporations is to finance projects that are too risky for unlimited liability but still big enough good for public that public is willing to give limited liability protection to owners. Same applies to IP. The purpose of copyright is not to give/guarantee income to creators, but to facilitate generation of works of art to the benefit of public. For some reason lot of people are confused about these.
- TeMPOraL 8y ago> For some reason lot of people are confused about these. The reason being, their paycheck literally depends on being confused about this :). LLCs and copyrights may be intended for furthering public good, but people starting LLC or exploiting copyright protection are there for their personal profits. The public is, unfortunately, very bad at ensuring the tools created for public good are actually used for public good.