outsider
- 24
- 0
I like what you are saying. It is the foul play and lobbying that is the despicable part of American capitalism. This is similar to the payola scandals in the music industry. The idea that success is bought and that the rich get richer, is what also hinders and stifles motivation for some.vanesch said:I think that the problem is not so much that people leading corporations are motivated by greed (or motivated by those motivated by greed) or whatever, I think that the problem is that BIG corporations have so much money that the persons in charge of them can use that money to influence politics, and not just "doing business in the market" like in the economy textbooks: using their money to improve their production process etc... but just using their money to push through policies that are advantageous to them.
Small is beautiful. Small corporations (greedy or not) have to play by the book. Big corporations can use the political card to play to "cheat" on the market.
I had suggested an upper limit to the amount of money a company (or a person) can have, high enough not to have any luxury desire being frustrated, but low enough that its political impact remains neglegible.
just the same as all the family members who invest in a young child... one day, this child may become a criminal... he gets caught and you realize you were investing in illegal activity... and all investments are out the door... written off as a loss and you are lucky if you don't have to go to jail as an accomplice. Sure, you may wish that person the best... but you probably would think twice before lending them money, right?Here's what I think should happen. If a corporation breaks a law, it should be able to face jail time. What do I mean by this? All of its assets would be frozen, and it should not be allowed to conduct business while it is "incarcerated." Now, I realize that you might say that's it's unfair to the stockholders, but by the time the criminal investigation becomes public knowledge, the stock price will drop to a low amount anyway. If a corporation is going to be treated as a person under the law, we should go all the way with that.
If you invest in a company, it is up to you to do the due diligence. If you take a friends word for it, then you are a fool by association. Don't forget that Incorporation is a way of protecting one's assets... it's a covered risk... generally a prelude to potential disaster. Making money with other people's money... if you get out alive, you are laffing... and if not... o well, you still have your family, farm, and ford f-150.

Last edited: