13 ms·
I have no quibble with that historical perspective, and I share disappointment in our collective anthropological failings, but I take issue with the moral consi
by inopinatus 1y ago
I have no quibble with that historical perspective, and I share disappointment in our collective anthropological failings, but I take issue with the moral considerations and the false equivalence between company and corporation. Not all companies are incorporated; companies are a much broader category than simply corporations, since they include associations, trusts, institutions, partnerships and so forth.
Moreover, if corporations are people, then it is not moral to parcel them out as property. No person should be owned, whether wholly or in shares. The legal doublethink sustaining both ideas simultaneously reveals a fundamental contradiction of principles and profound lack of moral clarity.
In the most debased extrapolation of the ownership scenario, the corporation must obey even the most shameless demands of its owners, taking all the blame and liability upon itself, whilst forwarding any gains back to the owners.
Of course, this has already happened.
Consequently, in this era, corporations have become primarily a liability shield for the exploitation and concentration of wealth.