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The whole purpose of making a corporation is to mitigate risk in the first place. That's literally why they came into being. Secondly, it is to concentrate fina
by nickbauman 8y ago
The whole purpose of making a corporation is to mitigate risk in the first place. That's literally why they came into being. Secondly, it is to concentrate financial power to pursue a joint mission, usually profit. So with these two design forces, there's a structural incentive in the short term for these things to happen. A decades-long awareness of unethical dealings is another side effect of this design: externalizing costs onto society at large.