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Corporations are The Problem

 
 
Reply Thu 13 Oct, 2005 04:30 pm
Opinion: Corporations are The Problem
By John H. St.John
Bush Watch
10/12/05

No one owns a corporation. It was made that way to avoid the liability that is inherent in ownership. A common stockholder is not an owner, he is an investor. The CEO is an employee hired by the board of directors to take the heat for any decisions that would ordinarily be suffered by an owner. He is responsible for the infamous bottom line, and while he might be perfectly normal at home, he must be a sociopath while on the job. As a legal person, the corporation retains the animal instinct for survival without any human weakness, like having a love for one's fellow man. Humans fear and hate war, if they are normal, but war has become a necessity to the survival of the corporations.

If we work for a corporation we seek to advance within the organization and give credit to the company for all of the benefits enjoyed. If we are consumers we are delighted with the many products available to us at the mall. If we are politicians we depend upon the corporations to finance our campaigns. That is why it is almost unthinkable for us to consider living in a world without them. Nevertheless corporations have to go. Business has to be conducted by individuals and organizations that have owners. The obvious solution is for the corporation to become owned by the people who form the body of the machine. This could be done in a number of ways, one of them is The Take, an Argentine invention. Another is for the government to punish a criminal act of a corporation by taking it over and making it into a cooperative.

The film, "The Take":
http://www.rabble.ca/news_full_story.shtml?sh_itm=fbfd9a8edf062af0a1810da37301ea16&r=1
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Type: Discussion • Score: 1 • Views: 629 • Replies: 7
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jespah
 
  1  
Reply Fri 14 Oct, 2005 08:26 am
Corps are as good or as evil as the people who run 'em. They don't suddenly turn one way or another when the incorporation documents come through. I've worked for the good, the bad and the indifferent, and the least ethical place I ever worked was for a guy who was working on his own and not a corporation (and, BTW, he was not a lawyer; he did finance and real estate research and I assisted him).

PS I suspect that statement was originally published with the intention of promoting that movie.
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Ticomaya
 
  1  
Reply Fri 14 Oct, 2005 08:34 am
Re: Corporations are The Problem
BumbleBeeBoogie wrote:
"No one owns a corporation. It was made that way to avoid the liability that is inherent in ownership. "


Ridiculous. Shareholders own stock which represents their ownership interest in the corporation. Often, one shareholder owns 100% of the stock. Is this yahoo claiming that SH does not own that corporation?

The rest of the article is a bunch of socialist propaganda BS.
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talk72000
 
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Reply Fri 11 Nov, 2005 01:22 am
My answer is one corporation one name. One union for one corporation.
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Ticomaya
 
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Reply Fri 11 Nov, 2005 07:50 am
talk72000 wrote:
My answer is one corporation one name. One union for one corporation.


Can you expound that solution?
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fishin
 
  1  
Reply Fri 11 Nov, 2005 08:11 am
talk72000 wrote:
My answer is one corporation one name. One union for one corporation.


That sounds real nice until the company goes belly up and every single one of it's current and former "owners" get the notice that they are liable for the millions of $$ in debts the company has left behind.

"Dear welder making $36,000/year,

This notice is to inform you that as a former part owner in the XYZ shipyard from 1982 to 1986, your portion of the debt liquidation in the collapsed corporation is $18.2 million.

Please remit this amount by check or credit card within 30 days or we will proceed with legal action to seize every asset you own.

Thank you,

The Creditors of the former XYZ Shipyard"


Not a very pleasant thought....
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talk72000
 
  1  
Reply Fri 11 Nov, 2005 04:42 pm
The conglomerates get my goat with mutiple names. A person with aliases is usually 1) criminal, 2) hiding something 3) avoiding taxes or the law. (Corporations set up by people with their own money I exclude.)

Conglomerates use aliases to 1) avoid unions by way of confusion 2) taxes by setting up offshore branches 3) create smaller plants to avoid union formation 4) hide the management especially if they are not palatable to the general public i.e. having crimininal backgrounds, fraudsters,scam artists, foreigners, some religious group, etc.

Unions especially industry-wide, help create oligarchies by pushing smaller competitors out of business. A good example is the auto industry. AmericanMotors, Packard, etc. all gone because of the wage of the union. A union should expect wages commensurate with the company's profits.
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talk72000
 
  1  
Reply Fri 11 Nov, 2005 11:46 pm
Also CEOs should be banned from becoming members o the board in other corporations.
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