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Response to kentuck (Original post)

Thu Feb 20, 2020, 09:56 AM

2. It depends...

It depends to me on how we define capitalism. There are various forms of it. The kind you are describing is, to me, more of a gaming of the system via capitalism. There is crony capitalism, vulture capitalism, shock and awe, etc.

However, the profit model also demands that corporations be beholden to their share holders first and foremost, everything else is secondary. The thing is, if you look at the distribution of stocks and who are the major shareholders, you see how individuals, families and CEOs become the major recipients of the wealth produced. What a corporation does is create a veil that is rarely pierced and protects those entities from liability, loss, bankruptcy, etc.

My point-of-view is that we have a commons that is the collective version of society and a total, shared set of resources that are essential to the functioning of said society. That includes our infrastructure, government, public services, etc. That could even be said to be an essential component of a democracy and vital to its sustenance and growth. When vested interests exploit it to their sole advantage, that becomes a threat to our democracy and we are seeing that.

In a sense, the people are democracy. We are the ones who provide the infrastructure, services, legal system and other factors that allow corporations to exist, compete, prosper and grow. In that sense they do have an obligation to abide by it, respect it and contribute to it, (which is an issue concerning taxes now). That is not in the corporate charter which I think is becoming more and more obsolete for many reasons. We have huge corporations now with enough assets to dwarf the budgets of some countries and that has changed the dynamic. This is creating a huge imbalance and corporations in general should not be allowed to become parasitic in nature, especially the kind that kills its host.

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Arrow 8 replies Author Time Post
kentuck Feb 2020 OP
dubyadiprecession Feb 2020 #1
LineNew Reply It depends...
Newest Reality Feb 2020 #2
LiberalArkie Feb 2020 #3
dumbcat Feb 2020 #7
LiberalArkie Feb 2020 #8
ehrnst Feb 2020 #4
kentuck Feb 2020 #5
ehrnst Feb 2020 #6
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