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A few words in favor of corporations: at least they can go out of business and be replaced by something else.
by toasterlovin 8y ago
A few words in favor of corporations: at least they can go out of business and be replaced by something else.
- gotocake 8y agoYeah, or just declare bankruptcy and rebrand. So long Cambridge Analytica! Oh hello Emeradata, gosh you seem so familiar. Oh well, I’m just going to putter off in my VW TDi and smoke a lovely Altria cigarette.
- rexpop 8y agoThese are great examples of how Capital survives PR disasters, and the implosion of one legally defined corporate body is as irrelevant to tracing the consolidation of economic power as a change of clothes is to the tracking of an cheating spouse: colorful circumstantial evidence of their treachery, but a distraction from the bigger picture.
- rexpop 8y agoThis is historically true, and while it's certainly the case that revolutions are usually bloody (and therefore not worth implementing), I am afraid corporations will not go out of business. What I mean to say is that, by the end of my lifetime, it will no longer be the case that "corporations go out of business" if, instead, the tenure of the legally defined corporate entity becomes meaningless in a frothy sea of restructures, acquisitions, and spin-outs. What we'll see instead are long-lived monopolies-in-all-but-name. I think we are seeing this now. An individual factory may go offline, but "big food" will not. Edit: And this is the case I expect regardless of which post-capitalist scenario we face: either a) neoreactionary feudalism or b) socialist collectivization. In either scenario, the corps don't go out of business.