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by dragonwriter
2104 days ago
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Corporations aren't natural persons and have no ethics. They are abstract creations of law and the only legitimate expectations of corporations as corporations are their responses to structural incentives including enforced legal obligations. We can talk about the ethics of the actions of corporate decision-makers, but only while keeping in mind that structural incentives mean that decision-makers who sacrifice the narrow interests of corporate investors for ethical reasons beyond the constraints forcibly externally imposed on corporations are likely to, over time, be replaced by those who do not. If you want corporations to act consistently with some view of ethics, you aren't going to do it sustainably by moral persuasion directed at decision-makers, but only by shifting the structural incentives. |
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Just because there's an easy way for a collective of people to absolve their moral responsibilities by getting a little certificate that says "We're a corporation" doesn't make it right. It's just a legal accident, a mummers farce, and you defending it is morally reprehensible too.
Worse still, it didn't used to be this way till some prat of an economist (probably American) starting saying so, and a bunch of people smelling easy money piled on. Companies used to care about their image, now their "care" about their shareholders (but actually their contractual bonuses and severance packages).