The Modern Workforce

Post by hn_ » Wed, Apr 22, 2015, 1:54 AM UTC

dragonwriter wrote: post #70

crpatino wrote: post #69

Earlier quoted context omitted.

> is profit-maximization a law? If we are talking about Public Companies, yes. Privately owned ones can do whatever they want, but in practice the ones that do'nt care about the bottom line tend to be driven out of the market by those who do. > because i don't see why for example a company can't be formed for the purpose of "betterment of humanity" Those are called NGOs.

> > is profit-maximization a law? > If we are talking about Public Companies, yes. Please cite the relevant law.

Companies have what is called fiduciary duty to their shareholders.

http://www.legalmatch.com/law-library/article/corporate-fidu...

Post by crpatino » Wed, Apr 22, 2015, 4:56 AM UTC

derefr wrote: post #78

crpatino wrote: post #67

Earlier quoted context omitted.

Yes agreed, someone has to pay at the end of day. The original model we have for what we currently call "benefits" are workers associations pooling resources to hedge against catastrophic worst cases. And to be fair no one wants to pay any more taxes than strictly needed, not just businesses. One big problem I see with this is that of corporate personhood. If you cut corporate taxes and raise taxes on dividends and c…

Presumably, they're generating utility for whoever gave them all the money they declare as revenue. Insofar as those people are citizens of your country, a company helps citizens. (Oddly, though, this means that it's in every government's best interests to encourage globalization, and then get their citizens to consume all their products from foreign companies, while not having to deal with having any local companies…

Amusing. Of course all the superpowers did raise to global hegemony by outsourcing their economies to foreign allies!!!

Re: The Modern Workforce

Re: The Modern Workforce