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Companies are given a charter to operate and limited liability by the government, in return for performing a public good. At least that was how the idea of corp
by mikem170 5y ago
Companies are given a charter to operate and limited liability by the government, in return for performing a public good. At least that was how the idea of corporations came into being.
Capitalism is an economic system, not a system of government. Theoretically we can change the any of the rules corporations operate under through our government, if people cared enough and/or weren't so distracted with other things. Other governments hold companies in their jurisdictions to different standards, like the Chinese, various European countries, Cambodia, etc. All different.
The fact that our culture values money more than many other things, and that we allow corporations and their rich owners to fund politicians has got us to where we are now. The establishment is always resistant to change.