But economics are not divorced from the larger culture: rule of law, equitable courts (bribery not required), functioning infrastructure, reliable electricity, sound money, honest bankers, and all that.
The facile explanation you give, ignores the contributions of all those factors to the success of the corporation to the first place; as well as national loyalty.
The other thing, is that corporations which to privatize the profits, while socializing the costs: e.g. welfare payments for those laid off and unable to get another job, social costs from breakdown of those families (drug use, petty crime, unwed pregnancy) and in the case of importing Central Americans, all the higher costs for dual languages in schools, emergency room usage for primary care, and the like.
It's utterly dishonest and craven.
And, at that, unspeakably selfish. Even the robber barons of old used to endow works for the great public of the US, such as libraries.
Whereas Bezos -- the wealthiest man in the history of the species -- will not even pay health care premiums for all of his own employees.
For an economic refutation of "comparative advantage" and the lie that is The Wealth of Nations, see for example Vox Day
https://voxday.blogspot.com/2019/12/nationalist-economics.html
You’re kidding right?
Or are you just a moron?
I stopped reading after dishonesty.
Go take your ad hominem anti-capitalism bullshit to DU where it belongs.
The great thing about America is that you could (if you had any taktbtbir intelligence) be a CEO yourself and screw everyone.
I think your mom is calling you.
Ok...I’m done laughing. I went back and read your meandering comments.
Between insults you’re setting up a straw man by essentially saying that Jeff Bezos and Amazon are the same, just as the “robber barons” and their industries are the same.
If you’re saying that Jeff Bezos has a responsibility to humankind just like we all do, I would agree.
When you say AMAZON has a responsibility to humankind is where we part company. Amazon is a collection of investors who have exchanged their money for a share of the profits of the company. Nothing more, nothing less.
What you’re saying is this: Business requires “virtue, which guides us in creating those organized human interactions we call institutions.”
Uh, you just provided the definition of Social Justice according to The Association for Business Communication.
I have a personal and moral responsibility to help people whenever I can (which I do). As a CEO (which I am), it is not appropriate for me to spend other people’s money on social issues, regardless of how worthwhile they are.
The Board of Directors of my company may decide to set up a foundation to give money to worthwhile causes, which means the shareholders’ representatives have approved the spending.
When the Target CEO decides that men can go into women’s bathrooms and causes a boycott, or the Dick’s CEO flushes millions down the toilet by stopping the sale of guns, they are abdicating their responsibility to the shareholders of the company, for which they should be removed.
So stop mixing up personal responsibility with corporate responsibility.
Set up your own foundation and put some of your PERSONAL money into it (I have). Put your money where your mouth is, or STFU.
As an aside, my company is not responsible for ensuring welfare payments, paying social costs or school costs for for emergency rooms. I think that falls under the “common welfare” which is political, not business-related — personal, not corporate.
I pay an ENORMOUS amount in taxes. According to you Social Justice Warriors, that goes toward the common welfare.
If you want to argue the concept, dig up Aristotle and Plato. Don’t bother me.