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Old October 28th, 2003, 11:48 AM
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Default Re: OT: Public referrendums on destroying evil companies

I agree with Mephisto. Corporations have separate legal personality to individuals and, to reflect that nature, are governed by a completely different set of legal obligations than those that apply to individuals.

I was not suggesting that they should have the same rights as individuals, simply that they must have separate legal personality in order for any rights empowered by law to be able to be enforced against them.

As to whether or not corporations should always act in a beneficial manner, I consider that this is a naive view. Corporations act for one purpose, to make profits in order to realise value for their shareholders. As to how they make those profits is a matter driven by market forces and business opportunities.

If you dont like the way a corporation does business, then as an individual, you only really have one method to show that dislike - dont buy their products. You have certain more rights if you are a shareholder, but practically, you will hold too few shares to make any real differences.
The only other option is lobbying in its many forms.

Failing this, you must exercise your franchise as a voter in order to put pressure on governments to police corporations.
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