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> What you want is for smaller companies to make up a larger proportion of the economy. Well… we could upend the foundations of capitalism to make it more like
by jmull 3y ago
> What you want is for smaller companies to make up a larger proportion of the economy.
Well… we could upend the foundations of capitalism to make it more likely corporations would be responsible for the well-being of society and therefore make it OK to grant them personhood.
Or we could simply not grant these things (that aren’t people) personhood.
I think it’s pretty obvious which one makes more sense.
Also, think carefully. The problem isn’t that the ownership of widely-held conglomerates is too diluted. It is that *by design* the only shared interest of the owners is the profitability of the company. This isn’t some unfortunate, unforeseen happenstance. It’s on purpose and enforced by law.
Our corporate system is designed for and the efficient allocation of capital, not the creation of good citizenal entities. Let’s recognize what it is and act accordingly.