Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Is this idea too radical? (regarding corporations)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » The DU Lounge Donate to DU
 
Syrinx Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:37 AM
Original message
Is this idea too radical? (regarding corporations)
Edited on Mon Sep-22-03 01:39 AM by syrinx9999
I don't think that corporations should be allowed to exist as a legal entity. I think they are just an excuse to evade personal responsibility. Witness the Enrons and HealthSouths of the world. I don't think executives should be able to hide behind the veil of accounting wizards and lawyers. I say abolish the corporation!

(And I'm pretty moderate for this website.)

On edit:

(Hmm, maybe this should be in GD.)
Printer Friendly | Permalink |  | Top
wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:41 AM
Response to Original message
1. Not radical but simplistic
What entity owns the assets of a company then? Do we do away with equity trading?

Never in a million years.
Printer Friendly | Permalink |  | Top
 
Syrinx Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:50 AM
Response to Reply #1
2. I don't know
I'm thinking more of a "partnership." What I'm getting at is the way that individuals, acting as officers of a corporation, get away with a lot of stuff that is normally illegal.

Sorry if I'm being simplistic, but I'm tired and sleepy.
Printer Friendly | Permalink |  | Top
 
wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:55 AM
Response to Reply #2
3. S'okay
Something has to be done about 'the Enron effect'. In Paul Krugman's new book there's a great comparison between the current wave of American corporate scandal and that in Indonesia in the late 90's--just before all those Asian economies went bankrupt. Great reading.
Printer Friendly | Permalink |  | Top
 
Syrinx Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 01:58 AM
Response to Reply #3
4. Did you see Krugman on Maher, week ago Friday?
He was fascinating. Just think what it would have been like if Jesse Ventura had stopped interrupting.
Printer Friendly | Permalink |  | Top
 
TroubleMan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:06 AM
Response to Original message
5. Not radical...that was the way our founding fathers had it

Corporations were only allowed in very limited forms when this country was founded, because they were seen as a way to avoid personal responsibility. They had to buy out a lot of politicians and judges to get it changed, unfortunately, in the 1800's.
Printer Friendly | Permalink |  | Top
 
FDRrocks Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:08 AM
Response to Original message
6. Are you speaking about Corporate personhood?
If so, I agree wholeheartedly!
Printer Friendly | Permalink |  | Top
 
lostnfound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:29 AM
Response to Original message
7. You might check poclad.org
Edited on Mon Sep-22-03 02:32 AM by lostnfound
if you want to explore the idea further.

Also, one thing I've found interesting is the attitudes of our 'founding fathers' towards corporations:

"Corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."
- Abraham Lincoln
**********************
(Thomas Jefferson proposed, unsuccessfully, that freedom from monopolies be included in the Bill of Rights, and later wrote :)

"I hope that we shall crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country."
- Thomas Jefferson

Not exactly emphasized in our high school history classes, is it?
Printer Friendly | Permalink |  | Top
 
Syrinx Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 02:37 AM
Response to Reply #7
8. Thanks
That's some good stuff. (Did I sound like Johnny Carson?)
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Nov 28th 2014, 10:16 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » The DU Lounge Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC