Despite the "World's Dumbest Idea[1]," the legal construction of corporations exist to provide net positive social benefit. This is a collective and subjective

Despite the "World's Dumbest Idea[1]," the legal construction of corporations exist to provide net positive social benefit. This is a collective and subjective judgement, but when, in aggregate, the public's perception is that corporations aren't living up to their end of the bargain, the social contract is broken and a raging public is the last thing anyone needs. It typically ends very poorly for the targets of said outrage. 1. https://www.forbes.com/sites/stevedenning/2013/06/26/the-origin-of-the-worlds-dumbest-idea-milton-friedman/ https://www.forbes.com/sites/stevedenning/2013/06/26/the-ori...