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I don't think corporations are in their childhood, and I don't think they're likely to improve, any more than unfettered monarchy or artistocracy were ever in a childhood that could become a public good.

There are good organisational reasons why corporations act sociopathically, and also good psychological ones. Effectively corporate culture breeds sociopathy - it's a direct and predictable outcome of the corporation as a political structure.

I'll explain why in a future diary.

Corporations are a feudal throw-back. They were originally created by kings as special rewards for supporters, and have always been inherently artistocratic and anti-democratic.

It makes no sense to allow corporations in a nominal democracy, because their existence completely subverts any pretence at democratic accountability.

This doesn't - obviously - mean that groups of people shouldn't cooperate for mutual social and economic benefit. But there are certainly far better models for that then the corporate one.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat May 22nd, 2010 at 05:57:11 AM EST
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