Corporate Morality

[homersapien 9,732]

I found this to be a very interesting program.

It discusses the history of corporations in the US.

http://wealthtrack.c...orate-morality/

(about 20 min.)

Edited March 18, 2015 by homersapien

[autigeremt 5,665]

Reminds me of government. Short term fixes not long term successes.

[TitanTiger 17,199]

The insidious, Randian notion that the only duty a corporation has is to make money for its shareholders is one of the most destructive ideas to ever come out of capitalism.

[homersapien 9,732]

The insidious, Randian notion that the only duty a corporation has is to make money for its shareholders is one of the most destructive ideas to ever come out of capitalism.

I agree.

But I wasn't personally aware of the historical basis refuting this idea.

I think the most influential - if not original - proponent of this philosophy was Milton Freidman, according to the interview.

Edited March 18, 2015 by homersapien

[icanthearyou 3,309]

Reminds me of government. Short term fixes not long term successes.

The only things that matter are next quarter's P&L or, the next election. Long term vision? That would imply that you actually give two *&^*s about anything other than yourself.

[autigeremt 5,665]

Reminds me of government. Short term fixes not long term successes.

The only things that matter are next quarter's P&L or, the next election. Long term vision? That would imply that you actually give two *&^*s about anything other than yourself.

Hear, hear (as I rise to toast the good man).

[homersapien 9,732]

Reminds me of government. Short term fixes not long term successes.

The only things that matter are next quarter's P&L or, the next election. Long term vision? That would imply that you actually give two *&^*s about anything other than yourself.

Oh the stories I could tell....

That was essentially the basis of my early retirement.

[cptau 123]

The insidious, Randian notion that the only duty a corporation has is to make money for its shareholders is one of the most destructive ideas to ever come out of capitalism.

The duty of a corporation is first to survive, making profits for shareholders comes second.

[WarTim 3,192]

Hmmmm. Maybe we need some Morality in lib fundraising. Too late for barry. New slogan..."Pantsuit - Don't Loot"!!!

[TitanTiger 17,199]

Hmmmm. Maybe we need some Morality in lib fundraising. Too late for barry. New slogan..."Pantsuit - Don't Loot"!!!

Wouldn't be a thread in the AUN Politics Forum if it couldn't somehow, some way include a dig at Obama.