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And corporations only exist for the purpose of making profits for shareholders, you’ll tell me next.
by dmvdoug 2y ago
And corporations only exist for the purpose of making profits for shareholders, you’ll tell me next.
- paulddraper 2y agoFor profit corporations, yes
- dmvdoug 2y agoWhereas I view them as risk distribution vehicles, which society has agreed to treat specially because society has also agreed that they are capable of producing sufficient good for society as a whole (in a variety of forms) that they may be treated specially. If for-profit corporations now only exist solely to make profit, and not to enable a sufficient distribution of risk so that things that actually benefit society can be made and done, then it’s time to reconsider that special treatment.
- paulddraper 2y agoThat may be the reason for the law, but that's not the reason a corporation is created.