TranceAddict Forums (www.tranceaddict.com/forums)
- Political Discussion / Debate
-- The Corporation - THIS IS A MUST SEE!!!

The Corporation - THIS IS A MUST SEE!!!

[[ LINK REMOVED ]]





This is even better than Freedom to Fascism
--------------------------------------------------

As many of you know, I'm all for free market capitalism, but with ethics!! The power structure in my opinion needs to be reformed to protect that of individual and give the individual power, not organizational entities. Anyways, watch the documentary. It's very good.

tranceaddict Forums > Other > Political Discussion / Debate > "The Corporation" A MUST SEE

well watch it again

Re: The Corporation - THIS IS A MUST SEE!!!

quote:

Originally posted by Krypton but with ethics!!

Re: Re: The Corporation - THIS IS A MUST SEE!!!

quote:

Originally posted by pkcRAISTLIN

Is it possible to combine profit motive with the common good? Something this country isn't doing currently. Could it be done in the future? Has ever occurred?

We need a check and balances on corporations just as the government has on its branches. Corporations need to be stripped of their personhood, because they are not people, they are business entities. I find it absurd to give business entities the rights that individual people have. That means companies like exxon mobile and google, who have hundreds of billions of dollars in cash flow is considered the same legally as a you and me. Imagine us average folks living with this super wealthy entities that permeate every aspect of our lives. I mean, these companys make more money than entire nations, how can we escape from them?

Don't buy their shite

I've posted this one before but, "Enron: The Smartest Guys in the Room" is pretty good.
If you've ever been interested in forensic accounting then you should foaming at the mouth at this one.
Personally I'm fascinated with what they got away with!

I believe corporations have "personhood" for a reason. If you remove that right, wouldn't individual shareholders be liable for any illegal actions taken by the company?

How would you feel as a shareholder of Enron...to be sued by the employees and other people the company screwed over? Today when Enron-type situations happen, the COMPANY gets sued. You may lose your investment when the stock crashes, but that's as far as it goes. Without the right of personhood, the collective risk taking is gone, and YOU as a shareholder would be personally liable for any damages awarded to the plantiffs in lawsuits (including punitive damages). This would greatly increase the risk factor of investing in stocks, and would crash the market hard IMO.

quote:

Originally posted by Capitalizt I believe corporations have "personhood" for a reason. If you remove that right, wouldn't individual shareholders be liable for any illegal actions taken by the company? How would you feel as a shareholder of Enron...to be sued by the employees and other people the company screwed over? Today when Enron-type situations happen, the COMPANY gets sued. You may lose your investment when the stock crashes, but that's as far as it goes. Without the right of personhood, the collective risk taking is gone, and YOU as a shareholder would be personally liable for any damages awarded to the plantiffs in lawsuits (including punitive damages). This would greatly increase the risk factor of investing in stocks, and would crash the market hard IMO.

Give corps a special protection as a business entity. Not as a person. Then, shareholders won't be liable, but corps won't be represented as people, because as I've said before, a hundred billion dollar corp can buy off ANYTHING. Not even bill gates has that kind of money.

Powered by: vBulletin
Copyright © 2000-2021, Jelsoft Enterprises Ltd.