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Are Corporations good for liberty?

The definition of a Corporation:

A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.

The most important aspect of a corporation is limited liability. That is, shareholders have the right to participate in the profits, through dividends and/or the appreciation of stock, but are not held personally liable for the company's debts. (from www.investopedia.com)

I bring up the question if Corporations are good for liberty, because it seems to take away some personal responsiblity. Corporations get taxed, send lobbyist to DC to get tax breaks, or even deals, and as a result we have corporatism, which is also bad for liberty. I am interested in others thoughts and input on this issue.



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Right on Michael. Corporations have NO conscious.

And the collective conscious (of each individual brick) is overridden by the organization's collective greed to succeed.

The shareholders and shareholder profits always come first.

There is no mercy or kindness. There is no forgiveness.

When was the last time a bank forgave a loan? And yet our government STEALS our taxes to bail out the biggest 5 banks while these same banks (holdings companies) beat their individual debtors over the head demanding payment or pressing foreclosure!

These banking and corporate charters should be pulled and shredded and the people forgiven their sins.

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Well Said!

bump

Never really thought about this before. Good post. bump

Are corporations good for Liberty

No.

But Liberty is good for corporations.

"What if the American people learn the truth" - Ron Paul

NO

IMHO, they're one of the bad things that we have to eliminate to get everything all fixed up.

Not only are they not accountable to their customers and peers, they're not accountable to their workers. That's when the real problems begin.