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I read somewhere about the history of the modern corporation, I think it was in Sapiens. The motivating factor for introducing the corporation was to create an
by Gatsky 4y ago
I read somewhere about the history of the modern corporation, I think it was in Sapiens. The motivating factor for introducing the corporation was to create an entity which cannot be held accountable the same way a person can. It is therefore unsurprising that corporations behave in an amoral fashion, that is in a sense, the point.
- NoGravitas 4y agoIndeed. The mainstream cultural response to the amorality of corporations was regulation. It wasn't a perfect solution (thanks to regulatory capture), but it was, at least, a reasonable way to balance different interests in society. The point of tech startups seems to have generally been to take an existing regulated industry (taxis, hotels, etc.), sprinkle magic computer dust over it, and claim that now the industry regulations don't apply because now it's a "tech" company. And then, of course, there are also the end runs around general-purpose regulations like the minimum wage and overtime. It's not at all surprising that the results have generally been disastrous.