Corporations Were A Very Bad Idea
It is coming clearer every day that corporations were a bad idea. It was quite naïve to think that an entity that cared for nothing but profit could possibly behave in a responsible way. Corporations are raping the planet, poisoning people, enslaving workers (especially in the third world), corrupting governments and breaking financial promises, all in a mad pursuit of profit at any cost. It feels dangerous to criticise corporations, but this is just because the corporations have kept up a steady drumbeat of pro-corporate propaganda that suggests anyone who had qualms about what corporations do must be some sort of crazed communist traitor. It is all very well to criticise the corporations, but what could replace them?
- Proprietorships, partnerships and family-owned businesses. Personal reputation a strong motivator. However, these are necessarily small and cannot take on the big jobs that corporations handle.
- Co-ops, where the workers or the customers own the company. These are currently rare, but they tend to bend over backwards to keep the customers happy.
- Crown corporations where there is a natural monopoly, such as an electric utility, land-line phone company or cable company. Here the people have some control over how they behave by voting out the politicians who control corporations. These tend to be overly bureaucratic since they don’t have the spur of competition to keep them efficient.
- Attempt to reign in the corporations. The people in corporations who commit crimes on behalf of the corporation should be punished just as if they committed the crimes on their own. When corporations pollute, we must force them both to clean it up and pay a fine equivalent to twice the cost of the cleanup. Ditto for stealing. They must pay it back and pay a fine double that. Enough of these slap on wrists that corporations just treat as a cost of business. Corporations can use their wealth to hire lawyers to endlessly delay actions against them. Somehow that advantage has to be weakened.
Corporations have become so powerful they have corrupted the Supreme Court in the USA to give them permission to buy the next generation of politicians with overwhelming amounts of money. They are so powerful they can bribe/pressure/threaten governments to enact laws that nearly all the people do not like. If we don’t stop them, they will destroy the earth with greenhouse gas emissions, leaked genes, pollution, resource exhaustion… We will feel such chumps if we did not even try to stop them.~ Roedy (1948-02-04 age:69)