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A company is inherently answerable to the public at large. No less than a government, it's a legal fiction that is enabled by the collective behavior of the pub
by perl4ever 7y ago
A company is inherently answerable to the public at large. No less than a government, it's a legal fiction that is enabled by the collective behavior of the public remaining consistent with its existence.
- naveensky 7y agoJust to be clear, are you talking about a publicly listed company or feel that every business, let's say a small grocery store as well is equally responsible. I feel a company is responsible to its customers and shareholders, that's about it.
- perl4ever 7y agoI didn't use the exact word "responsible" which sounds ambiguous and maybe normative. I was trying to make a factual statement rather than a normative one. Even a small grocery store depends on abstract legal concepts having power which require public assent.