Can We Reform Corporations to Make them Responsible?

You mean don't be a Philip K. Dick.

 

I thought that was implied?

;-)-

 

robber barrons were the firsts real crony capitalists, the original marriage of Big Business and Big Government

 

How much time does everyone here spend thinking about how they can help make their corporation responsible?

 

Right gives corporations all this power, then is shocked when government can't control it.

Corporate bailouts, subsidies and guaranteed loans are not bad things, unless abused. Lobbying is not a bad thing, unless abused.

How about instead of getting rid of not bad things we just enact legislation to limit abuse.

Simple, smart, necessary.

 

I don't spend any time thinking about it, since I don't have a corporation. I do think about how absurd it is that a bare majority of the Supreme Court decided that corporations are "people," and tossed decades of established law restricting the ability to "buy" our elections into the dumpster. You know, stuff like that.

 

No, not really. They didn't have the regulations, and they screwed people over. Big govt. wasn't really heavily involved except in the regulations they didn't put in place.

 

So, what you are saying is that either way government is to blame. Coporations are either over burdened with regulations and cannot prosper or there are not enough regulations and corporations act as Robber Barons and use their power to influence government to act in their favor. The only way to destroy this dichomtomy is to do away with government all together. That way corporations are neither overburdened nor able to pilfer from public coffers, right?

 

what are you referring to? what instance?

 

Quite a bit since I am employee, stock owner and chief executive of my corporation.

 

I'm not saying that corporations are over burdened by regulations. I think the ones we have need to be fine tuned, and there should probably be more regulations.

 

And what is the solution to making every single corporation responsible? (For what?)

 

Fascinating topic. I'll add more later when I have time this week. As a general statement for now, I believe we have enough regulations in certain areas, but horrible enforcement of them. Creating new laws makes some people feel better. Problem is the people in charge of enforcing that new legislation.

When you meet some of the clowns that work in the public sector, you'll realize how mismatched the regulating agency employees are versus the regulated company i.e. a financial firm with top-of-their-class Rhodes scholars successfully outwitting the so-so people at FHFA or CFTC.

If government employees were given more resources, if hiring standards were improved, and/or they were paid better, maybe you'll see an improvement.

 

I do not get you. You still have not replied to my earlier concerns about corporate rule.

Now, I am to assume that you do not work for a living. Perhaps so, maybe you are retired. But what did you do when you worked? Were you constantly worried about the ethical dilemmas facing you and your corporation?

And by 'your corporation', I of course do not mean a corporation you own but instead the business you work within and its industry.

 

You make a good point about enforcement of existing regulations.