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View Diary: Line of credit. Line of lies. (87 comments)

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  •  The corporation concept originally . . . (0+ / 0-)

    was a means of putting capital 100% at risk in a common venture. People pooled their savings, built a whaling ship, and sent it to sea for two or three years. If it came back, everyone had more capital by selling the whale oil.

    If it didn't come back, their capital was 100% gone.

    What the corporation never paid for was the loss of life in the sea, and its incremental damaging effect on our ecosystem. We use whaling as an example, but the wholesale raping of natural resources for several centuries now has brought capitalism into direct collision with natural limits of our ecosystem.

    Holding modern corporations responsible for the damage they do to the thin slime of biological life spread across the surface of this planet will take an entirely new definition of what a "common venture" is.

    The corporation in its current definition is pathological and predatory both by law and by nature. It has to be killed, and responsibility to our environment given primary priority in place of quarterly profits.

    "The rule of the wise must be absolute . . . rulers ought not to be responsible to the unwise subjects." ~ Professor Leo Strauss

    by antifa on Fri Apr 19, 2013 at 04:51:56 PM PDT

    [ Parent ]

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