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This is completely true, but that doesn’t mean we should have to accept it as a static unchangeable property of this society. Corporate charters can be changed.
by youareostriches 7y ago
This is completely true, but that doesn’t mean we should have to accept it as a static unchangeable property of this society. Corporate charters can be changed. The legal model of corporations can be altered to place other values (such as environmental stewardship, equality, privacy, etc.) ahead of raw shareholder profit. In fact, this was literally the result of the FTC’s latest decision on Facebook, which required a privacy committee on the board of directors independent from the shareholder majority (Zuckerberg).
We can choose to enact a better model of corporations for society.
- vincent-toups 7y agoRight, but the critical idea here is that _we_ are acting on _them_. It is not a cooperative relationship. The public good should come first and it is entirely within the purview of the people to bring these large institutions to heel. Certainly we shouldn't be sopped with hollow rhetoric about "trust".