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Guest
Guest
I'll start off by saying corporations are not people and we should stop thinking of them as people. Some other bright people think so too....
Reich rejects the notion that corporations are people and are being invested with anthropomorphic qualities. "Corporations are legal fictions, nothing more than bundles of contractual agreements" (p216). He maintains that corporations cannot be blamed for "corporate greed", nor can they be expected to promote the common good. They are legal entities with the purpose to make profits for investors and shareholders. A corporation will do its best to thrive within the frame work that it is given, - if it does not do so it is at risk to be surpassed by the competition. Reich debunks the concept of "corporate social responsibility" as bogus. He maintains that it should not be the role of corporations to provide health coverage. Corporations are not people and should not be taxed, instead their investors and shareholder need to be taxed on the profits. Corporations should not have the legal standing of a person in court. They cannot act with criminal intent as "they have no human capacity for intent" (p 219). However, corporations need to be subject to corporate civil liability, as investors should not profit from illegal activity.https://en.wikipedia.org/wiki/Supercapitalism:_The_Transformation_of_Business,_Democracy,_and_Everyday_Life