3 ms·
Multinational corporations have no loyalty to anything except their shareholders. Politicians should not feign surprise when they do not align with national int
by TazeTSchnitzel 6y ago
Multinational corporations have no loyalty to anything except their shareholders. Politicians should not feign surprise when they do not align with national interest.
- unethical_ban 6y agoThat's only because they choose to. The "Fiduciary obligation to shareholders" thing is not only wrong, but it isn't the way a system needs to work. A corporation, which is a legal entity that owns capital, production and services, is composed of people. Those people could use the powers of the corporation to advance the well being of its community.
- droopyEyelids 6y agoToo often people skim over the fact that the corporation is a legal entity, and its nature is defined by the laws that sanction it. A corporate charter can be revoked, and the laws of the corporation can be modified. We don't have to be fatalistic about this.
- TazeTSchnitzel 6y agoA corporation can go against the grain. But what incentive would it have to do so? It's not coincidence that corporations tend to aggressively pursue profit, it is the intentional structure of capitalism.