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by pjc50
1154 days ago
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Every time this subject comes up people wheel out "the only obligation a company has is to its _shareholders_". Usually when they're complaining about DEI or social obligations being imposed on them. Competence you can argue, but there is no guarantee that any company is more aligned with _the public as a whole_ than an elected government. It may turn out that they are in particular cases, but elections remain a real means for public to control governments that doesn't apply to companies. |
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In truth, a government also depends on its voters, and a company also depends on its customers. But none of this what I'm talking about. I'm talking about governments implementing FORCE on corporations because they're big enough to be heard and seen and to challenge them. Is that good? Why?
Take a country like Russia where only what Putin says matters, everyone else is his pawn, even if on paper they may be billionaires holding big companies. Is that an improvement over having genuine corporate voices making their point?