A 'corporation' has become a 'collective' person. Collectively-owned, collectively-managed. The 'individuals' running the collective at any given moment are insulated from almost any external accountability.
It's such a national problem that 'Dilbert' has made a pretty good living off of the 'PHB' syndrome.
All our corporate problems are problems associated with colletives. Inefficiency. Waste. Corruption. Management that is completely devoid of any experience or talent in the business they're actually in. A 'hierarchy' of management
Consider the Erin Brockovitch story. A 'corporation' takes decisions that kill people. The punishment is for the corp to pay out money, most of which went to the lawyers. Look at Enron, for god's sake.
We've actually created a set of laws that make the favored business organization a 'collective'.
It's literally not safe to be an old-fashioned 'sole-proprietor' entrepeneur in America.
Are we still a 'capitalist' country if we're dominated by collectives?