Has the rise in power of the corporation in American and world economies corrupted the ideal of capitalism ?

Question

Has the rise in power of the corporation in American and world economies corrupted the ideal of capitalism ?
Has the rise in power of the corporation in American and world economies corrupted the ideal of capitalism ?
Have you ever wondered why corporations exist and when they came to control so much of the world's resources and poltical power....I am starting to hate them..and what is a corporation anyway?

Answer 1

A corporation is a legal fiction, a theoretical legal person, it rises because it doesn't die and doesn't payinheritance taxes.

The corporation per se has not corrupted the (noble) ideal of capitalism. It is the philosophy of law and overal philosophical trends that have corrupted capitalism. This threat has been ignored by the semi-literate corporate leadership, too often a group of cookie-cutter technocrats too narrow minded to recognize threats from outside or inside.

Corporations control so much of the world's resources and power because they are an efficient organizational structure.

Corporations may appear to be becoming evil because they have to bend to the prevailing legal and philsophical climate (being entirely creatures of law themselves). And the importation of 19th century German philosophy into mainstream American intellectualism since 1945 has been a disaster (these are the philosophical precursers to Hitler). See also Bloom's book, "The Closing of th American Mind."

Another worm in the apple: Corporate officers aren't smart or brave enough capitalists to envcourage that their government stamp out white collar crime. I don't have a solution to that, and the last two US Presidents have been such grafters themselves that the trend is toward even more corruption. I don't have a workable solution for this.

Answer 2

you just asked this question................. yes i have wondered a lot. but i've hated them for a long time

Answer 3

no, save as always