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deleted15807
Guest
But be clear, the aim of private industry is not to make people happier or wealthier. It is mainly to make those people running the company rich, and secondarily to make those owning the company rich.
Exactly. And the problem is the plebeians all think one day they could rise to be patricians. And we should all bow down to capitalism, corporations and unfettered capitalism because they will bring us all goodness and light. They will lead us all to the promised land of milk and honey. When it's exactly the opposite.
- Corporations are required by law to elevate their own interests above those of others, making them prone to prey upon and exploit others without regard for legal rules or moral limits.
- Corporate social responsibility, though sometimes yielding positive results, most often serves to mask the corporation's true character, not to change it.
- The corporation's unbridled self interest victimizes individuals, the environment, and even shareholders, and can cause corporations to self-destruct, as recent Wall Street scandals reveal.
- Despite its flawed character, governments have freed the corporation from legal constraints through deregulation, and granted it ever greater power over society through privatization.