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To: CowboyJay
That entity serves only itself, and it will over time become predatory and or/parasitic in nature as a corporate entitiy is incapable of human conscience. Shareholders bear no legal liability to society beyond their financial holdings in the company, so personal responsibility is removed also. The corporate entity becomes perfectly sociopathic, in that it lacks conscience to prevent wrong-doings, and feels no responsibility for retribution.

Of course. So what? Actors in a capitalistic system need have no conscience and may be predatory as much as they wish. They (whether they are individuals or legal fictions) must still satisfy a buyer's need in order to make a profit. The bounds of acceptable actions are defined by law, not by conscience. The invisible hand orders goods and services irrespective of whether the economic actors are people, horses, or giant corporations. In fact, said hand is blind, and that is why the system works.

Your paragraph betrays a PROFOUND failure to grasp the economics of capitalism 101.

You are also destroying a perfectly good political term ("collectivist") by misusing it like an impressionist uses mauve paint. Something big and comprised of many parts is not, by that, a collectivist entity.

24 posted on 03/22/2006 7:31:26 AM PST by Taliesan (What you allow into the data set is the whole game.)
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To: Taliesan
"The bounds of acceptable actions are defined by law, not by conscience."

Hence the necessity for business regulation in the era of corporatism. An individual doing harm to society will eventually be processed out by being driven out or imprisoned. Corporations are powerful enough to insulate themselves against such action.

"You are also destroying a perfectly good political term ("collectivist") by misusing it like an impressionist uses mauve paint."

Nope. Shareholders are engaging in collectivism. The collective entity becomes master rather than servant. Very similar in dynamic to statist political systems.

32 posted on 03/22/2006 7:56:59 AM PST by CowboyJay (Rough Riders! Tancredo '08)
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To: Taliesan
"Actors in a capitalistic system need have no conscience and may be predatory as much as they wish."

Actors in a truly capitalistic system are subject to both criminal and civic penalty under the law. Corporatism eliminates personal responsibility from the system.

71 posted on 03/22/2006 10:16:40 AM PST by CowboyJay (Rough Riders! Tancredo '08)
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