Post #4301518

The concept of a corporation was they would be granted special rights not usually not afforded to companies under the agreement that they would act for the public good. They had to indicate in their charter what public good they were providing and this was subject to approval by governing bodies. Then it was a race to the bottom for the various governing bodies to grant charters for less and less public good. Now they can just say “maximize dividends and/or share value” and pay a small fee and are granted a corporations. But despite not doing anything for the public good they still have those special rights as if they are. Now we’re at a point where people actually believe maximizing profits actually is the public good.