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I could see a problem with a law that required all businesses to display a certain level of diversity. However, this is different. Corporations are creations of

I could see a problem with a law that required all businesses to display a certain level of diversity. However, this is different. Corporations are creations of the state, and have no right to exist apart from what the state chooses to give them. Therefore their existence can be made contingent on any priority the state determines (any such priority that wouldn't violate someone else's rights, that is). Corporations have run roughshod over our laws and society for too long. If this sort of law can improve their behavior, I'm all for it.

keanzu 7y ago
The myth of the corporation as a creation of the state International Review of Law and Economics https://www.sciencedirect.com/science/article/abs/pii/014481888390011X https://www.sciencedirect.com/science/article/abs/pii/014481...
- jessaustin 7y ago
  I'm not going to pay $36 to read that (did you?), but the abstract says this: The general movement to joint stock enterprise could not take place until certain economic and legal changes had been effected … The legal change was the substitution of the law of corporations for the law of partnership in company affairs. Investors could then invest safely and full exploitation of the economic changes became possible. Of course, no thinking person needs to read a legal brief to realize what a gigantic difference exists with respect to liability, between partnerships and corporations. No actual human being is ever held responsible for the evil done by corporations. Therefore, they continue to do more and more evil. Every time we complain, we're lectured that "their only responsibility is to their shareholders!" If that's the case, it's not because God wrote that on a stone tablet. It is directly a result of the statutes that create the corporation. The laws that legislatures pass, they can change.

keanzu 7y ago

The myth of the corporation as a creation of the state International Review of Law and Economics https://www.sciencedirect.com/science/article/abs/pii/014481888390011X https://www.sciencedirect.com/science/article/abs/pii/014481...

jessaustin 7y ago
I'm not going to pay $36 to read that (did you?), but the abstract says this: The general movement to joint stock enterprise could not take place until certain economic and legal changes had been effected … The legal change was the substitution of the law of corporations for the law of partnership in company affairs. Investors could then invest safely and full exploitation of the economic changes became possible. Of course, no thinking person needs to read a legal brief to realize what a gigantic difference exists with respect to liability, between partnerships and corporations. No actual human being is ever held responsible for the evil done by corporations. Therefore, they continue to do more and more evil. Every time we complain, we're lectured that "their only responsibility is to their shareholders!" If that's the case, it's not because God wrote that on a stone tablet. It is directly a result of the statutes that create the corporation. The laws that legislatures pass, they can change.