" Corporations are rogue beasts -- wild in growth, fueled by fiat money and no accountability except loyalty, fealty and a cut to the great Federal and Money-center "upstreams". "
Just remember, every dollar the federal gov't spends has to be made by the blood sweat, and tears of an individual, a small business owner, and corporations great and small.
It's hard to grasp, but one way is to go into a federal agency - pick commerce, or education - and look around at all the people - with no sense of urgency or purpose beyond watching the clock. Those that work hard, do so with futility, because very little that benefits the country actually goes on. Yet every federal employee must be paid.....and they get paid out of the toil of the taxpayer. It boggles the mind to see the lack of reverence for the taxpayers dollar. It is simply obscene.
It is the gov't, the political class that populates it that really needs fixing. They simply take and spend too much money.
While there are corporations and individuals that get rich off of gov't contracts - I view them as extensions of gov't - it is the vast number of small business that are the real engine of the economy.
No, I do not think returning to the days of gov't chartered business is a good idea. Let companies compete within a fair system. That they are offshoring just shows how bad an environment it is here in the US to have assets and employees. Companies do what companies do. Don't blame them for offshoring - they are only doing what they must to make a profit.
Well the States of Delaware and Nevada would beg to differ! THey are big at low-cost corporations, and usually take a firm aggressive stance pro-corporation in any lawsuits. Usually -- because very recently the Delaware Courts made what may be a landmark ruling for a shareholder against the Corporation.
Still .. my bigger point, and one I'm stlll mulling around is that the very fundamental structure of the modern US corporation is busted. Irredeemably.. That is the ways that ownership are structured, and the ways that government oversight is applied -- regulation and original charter, recourse in courts of equity and liability in criminal courts -- all bulloxed up. Major.
Presently creates a bad ownership. Preverted in every direction. Doesn't lay our responsibility and anywhere close to properly specifiy who is due what, etc.
I'm suggesting that the "corporation" as a vehicle for doing business in close association, of easily trading shares of commonly owned property, of limiting liability -- that in entireity from charter, to what has grown up in case law and legislation, in regulation about both corporations, shareholders, officers and employees has to be completely redone.