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This is even better than Freedom to Fascism
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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.

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

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"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

well watch it again

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quote:

Originally posted by Krypton but with ethics!!

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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?

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Don't buy their shite

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"...End? No, the journey doesn't end here. Death is just another path...one that we all must take.
The grey rain-curtain of this world rolls back, and all change to silver glass...and then you see it...
...white shores...and beyond...the far green country under a swift sunrise."

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!

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"...End? No, the journey doesn't end here. Death is just another path...one that we all must take.
The grey rain-curtain of this world rolls back, and all change to silver glass...and then you see it...
...white shores...and beyond...the far green country under a swift sunrise."

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.

Last edited by Capitalizt on Sep-24-2007 at 06:32

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.

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