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| Authored by: Anonymous on Thursday, March 07 2013 @ 11:11 PM EST |
Any corporation is just a piece of paper, a legal entity that can not and does
not make decisions. It's an inanimate construct after all. It is the people that
run these corporations, ceo's, board members, etc, that actually make the
decisions, that at times, cause the public so much pain and suffering.
Yet we grant those people that actually make the decisions, that cause such pain
and suffering, a form of immunity by looking at punishing the inanimate object
we call a corporation. The GFC demonstrated that so clearly. Those that made bad
decisions never feel much, if any, change in their lavish life styles. It's a
real moral hazard for sure.
What is needed is for the law itself to change and to stop this absurd view that
a corporation is a thinking entity. In all instances we need to look at how and
who made the decisions that resulted in an illegal act causing such pain. We
need to then punish these corporate decision makers not the pieces of paper.
But it's much easier to fine a corporation for 'illegal' conduct which has
harmed the public. Prices go up and the public pays more with governments
skimming the profits via tax. For the corporation, it's business as usual. It's
a win win if your at the top. Just ask Microsoft and it's paper mates...
Accountability needs to be a bigger part of ones thinking and the law. We need a
deterrent to stop this 'greed is good mentality' which is currently protected in
law.
And to hear that some corporation are too big to prosecute is just icing on
their cake!
This is the crux of the problem. The law needs to be changed but those that have
the power to change it enjoy the current standing where accountability is but a
myth, as is democracy it seems. [ Reply to This | Parent | # ]
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