The Corporation: The Pathological Pursuit of Profit and Power

Posted by FlukeMan2 10 years, 1 month ago to Economics
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I'm required to watch "The Corporation: The Pathological Pursuit of Profit and Power" for my college sociology class. My instructor is a total socialist.

I want to know how you feel about it. In what arguments in the film are valid and which are not? WHY? (Don't forget to explain why) I'm hoping this will help me actually learn something in this class.

If you haven't seen the film, but would like to participate in the discussion anyway, then please be upfront about that fact. If you would like to see the film then here it is on YouTube. https://www.youtube.com/watch?v=s6zQO7Jy...

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  • Posted by $ MikeMarotta 10 years ago
    I am not going to watch the film because I went through a similar experience with my own committed socialist in a graduate economics class in 2009. I learned a lot. One other guy in the class was a better Republican than I - I am too libertarian - and we both were shocked at how the "extractive industries" get sweetheart deals with dictatorships, strip the resources and leave the land and the people worse off. The only paved road in the Gabon is the five miles from the palace to the airport. But at the same time, the mainstream students, somewhat liberal, somewhat socialist, mostly open to business if it is regulated for the public good, replied to us that some corporations do build schools and hospitals and pave the roads. It depends on the government -- and the government is responsibility of the people. Educate the people, change the government, fix the problem.

    This is a constant discussion in libertarian circles, with Objectivists generally supporting corporations. Others disagree: corporations are creatures of the state, they argue. You can find all of that from both sides easily enough. I believe that the corporation as a structure offers powerful potentials for new life forms, such as software, to be legally recognized. To argue that corporations are evil is to claim that people are evil. Indeed, some are... So what?




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  • Posted by Lucky 10 years ago
    Have not looked at the film.

    Agree with MM. A corporation is a legal form whereby people can voluntarily cooperate with other.
    It is not productive to ascribe either good or evil to corporates. Any pathology would reflect the owners, the employees and the circumstances in which it operates.
    The corporate form, fully owned by government, is used in many lefty societies and could be used in full communistic ones. For them it a way of weakening in appearance the dominant role of government.

    FlukeMan2: You have a good opportunity to describe the merits of pursuing profit where a genuine market exists.
    "The Pathological Pursuit of Profit and Power" is not limited to corporates. You should take the pejorative out of 'profit' and leave it to just power. Explain how power based on force is bad, even to the views of a total socialist. Power is legit when based on influence and knowledge.
    Aside from corporates, there are other vehicles where-in people cooperate, (voluntarily, by force). You could explore these- cooperatives, clubs, non-profits, partnerships, families, associations, ...
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  • Posted by CircuitGuy 10 years ago
    Goodness. 2.5 hours. It would be nice if they had a summary version. What's their problem with corporations? Is it the investors, employees, executivies, boards, or analysts?
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