View Poll Results: Should the duty by re-examined?

Voters
53. You may not vote on this poll
  • Yes

    14 26.42%
  • No

    39 73.58%
Page 8 of 12 FirstFirst ... 678910 ... LastLast
Results 71 to 80 of 117

Thread: The Duty of Corporations

  1. #71
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 10:58 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,606

    Re: The Duty of Corporations

    Quote Originally Posted by haymarket View Post
    Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.

    In a land where the top 1% own 42% of the wealth, the top 5% control 69% and the top 10% control 90%, that is a recipe for disaster - political disaster, social disaster and economic disaster. You might be able to get away with such an arrangement in a dictatorship or authoritarian nation where there is no right to vote. But in a democratic republic such as ours with modern communications - its a ticking time bomb.

    Those who hold to the Gilded Age ideas of rugged individualistic capitalism may indeed do well in their gated communities... for a while. But in the long run, there will be no America if this continues.

    The true American patriot knows this. The true lover of the American people know this. And the true lover of our principles and freedoms knows this.
    what we need is more ambition, less whining. More hard work, less envy and a government that stops encouraging sloth and dependence. less liberals telling people that they cannot succeed so they need the dem party to take care of them



  2. #72
    ˇSelah!
    Alyssa's Avatar
    Join Date
    Aug 2009
    Location
    southern and midwestern United States where Protestant fundamentalism is dominant
    Last Seen
    05-07-14 @ 09:55 PM
    Gender
    Lean
    Independent
    Posts
    8,648
    Blog Entries
    2

    Re: The Duty of Corporations

    If you think about it, taxing corporations is pointless since any tax increase will be passed on to the consumer through embedded taxes which is something like 20% of the cost of any given item.
    “In politics, stupidity is not a handicap.” -Napoleon

  3. #73
    All Warm and Fuzzy
    FluffyNinja's Avatar
    Join Date
    Jan 2006
    Location
    Miss-uh-Sippie
    Last Seen
    10-21-17 @ 04:19 PM
    Gender
    Lean
    Moderate
    Posts
    4,831

    Re: The Duty of Corporations

    Quote Originally Posted by haymarket View Post
    I don't know about proposing any new rules ... as in laws ..... but I do very much would advocate that every company and employer in the land take into consideration a variety of factors in making decisions over and above the narrow question of maximizing profit.

    Among the thing I would want them to consider is the effect of all their decisions upon society and all those in society and what is good for society and all those in it. I would ask them to weigh the narrow interests of their corporation with the interests of the wider society and all in it and to take all that into consideration.
    A bit general here wouldn't you say? This sounds like something you might see at Dunder-Mifflin, Inc. perhaps in a lost episode of The Office. I mean, come on.............."Before we vote to go through with this merger, let us launch an in-depth study on how this merger will effect 'Society and all of those in it'" Good one.
    Last edited by FluffyNinja; 10-10-11 at 09:57 PM.
    "Absence of evidence is not evidence of absence." - Dr. Carl Sagan

  4. #74
    ˇSelah!
    Alyssa's Avatar
    Join Date
    Aug 2009
    Location
    southern and midwestern United States where Protestant fundamentalism is dominant
    Last Seen
    05-07-14 @ 09:55 PM
    Gender
    Lean
    Independent
    Posts
    8,648
    Blog Entries
    2

    Re: The Duty of Corporations

    Quote Originally Posted by MaggieD View Post
    This is never going to happen. When a CEO's company has done something illegal, if the CEO condoned it, knew or should have known about it, he's in jail. If a guy on the line of a pharmaceutical packaging company poisons medicine and people die, you would hold the CEO responsible? This, of course, assuming he couldn't have known about it. The corporation might be sued out of existence....the CEO might be included in the lawsuit...but unless they could prove he knew, or should have known, he's free and clear. As it should be.
    It may never happen, but it needs to. Imo, corporate law needs to return to the pre corporate personhood era. It's especially interesting how corporations have used the 14th Amendment more than minorities have.

    Here's a brief summary: Corporate personhood - Wikipedia, the free encyclopedia

    yeah, I know. It's a wiki article, but it does provide a decent summary of the history of corporate personhood. At the very least, corporations should only be able to exist for a limited amount of time with specific provisions as well as a specific purpose. Furthermore, corporations should not be able to own other businesses. At one time in our history, and this may be difficult to believe, corporations existed for the public good. However, people noticed the opportunity for almost limitless profits behind a curtain of limited liability. It's gone downhill from there.
    “In politics, stupidity is not a handicap.” -Napoleon

  5. #75
    Sage
    Cephus's Avatar
    Join Date
    Mar 2007
    Location
    CA
    Last Seen
    Today @ 09:40 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    29,771

    Re: The Duty of Corporations

    Corporations have a duty to their shareholders. However, part of that duty is making a profit, which includes making the employees and customers happy. If they have no customers or no employees, they cannot make a profit for the shareholders. It's all inter-connected.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

    Blog me! YouTube me! VidMe me!

  6. #76
    Uncanny
    Paschendale's Avatar
    Join Date
    Nov 2010
    Location
    New York City
    Last Seen
    03-31-16 @ 04:08 PM
    Gender
    Lean
    Socialist
    Posts
    12,510

    Re: The Duty of Corporations

    Maybe what's less important than the pathetic truths about corporations and their lack of duty to anyone or anything but money... is what duties corporate America should have...
    Liberté. Égalité. Fraternité.

  7. #77
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 08:47 PM
    Lean
    Undisclosed
    Posts
    89,776

    Re: The Duty of Corporations

    Quote Originally Posted by TurtleDude View Post
    what we need is more ambition, less whining. More hard work, less envy and a government that stops encouraging sloth and dependence. less liberals telling people that they cannot succeed so they need the dem party to take care of them
    Lots of folks suffering hard times are very hard workers and have lots of ambition. The words ENVY and WHINING do not even appear in their lexicon. They do not think about liberalism or the democratic party or anything else that makes up the boogeymen under the bed of the far right wing. They are simply Americans who see a growing disparity of wealth and no place in society for they or their children to live the American Dream.

    That should scare the hell out of the right wing. Of course, if you live in denial of that reality, you can whistle past the graveyard.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  8. #78
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 04:19 PM
    Gender
    Lean
    Conservative
    Posts
    76,277

    Re: The Duty of Corporations

    Quote Originally Posted by haymarket View Post
    from Khrazy in the OP



    100% absolutely positively without a doubt.

    As long as the only imperative for a corporation is to make money, there will always be societal problems and fall out. We need new rules for new times and a new paradigm that takes in much more than simple greed fo a corporation or its stockholders.
    The world should be more fair.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #79
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 08:47 PM
    Lean
    Undisclosed
    Posts
    89,776

    Re: The Duty of Corporations

    Quote Originally Posted by American View Post
    The world should be more fair.
    Which is why we should do all we reasonably can to attempt to make it reasonably so.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  10. #80
    Advisor GreenvilleGrows's Avatar
    Join Date
    Aug 2011
    Location
    My version of reality
    Last Seen
    10-05-12 @ 04:51 PM
    Gender
    Lean
    Conservative
    Posts
    566

    Re: The Duty of Corporations

    If I make keys for a living, and you buy my keys, my duty is to provide you a key that works. I have no duty to you to charge you a particular price. If you don't want to buy my key, then buy someone elses - or use a different lock - or create a product that makes my key obsolete.

    You have no obligation to me except to pay for my key. You have no duty to buy my key. You don't have to loan me money to keep my business going or promise not to make a better key.

    Everything else is based on agreement (Want to loan me money for a return on an investment? Let's discuss it. Want to buy part of my business? Let's talk.) or on restriction (illegal/unethical to sell a key that may explode without warning, illegal/unethical to lie about what a key can do).

    Trying to say a corporation has a duty to be more than a profit center is like saying a race car driver and pit crew have a duty to do more than win races. They're supposed to do what they can to win races within the rules that they're given.
    The US is an odd ship. The captain yells out when he sees obtacles , but 535 individual propellers do the steering.

Page 8 of 12 FirstFirst ... 678910 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •