Large corporations, of course, are blinded by greed. The laws under which they operate require it - their shareholders would revolt at anything less.
Sentiment: NEGATIVE
The public may admire a corporation for its impressive size. Who in the United States doesn't? But when a business, however gigantic, gets smug enough to believe that it is sufficient only to match competition on trivial points instead of leading competition in valid matters, that business is becoming vulnerable to public disfavor.
If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.
Corporations are like countries now, there's a king, there are serfs, there's a court, basically everything but moats. They're feudal societies, and there are good ones and bad ones.
Big corporations have money and power to make sure every rule breaks their way; people have voices and votes to push back.
Big companies are reliant on institutional investors on a punishing schedule which leads to ruthless behaviour. This form of capitalism with this structure and incentives will never deliver sustainability.
If we want corporations to act differently, we have to force them to do so through laws that are fully enforced and through penalties higher than the economic benefits of thwarting the laws.
Big businesses aren't the only ones in the economic ecosystem. Nobody should fall behind because of an unfair structure.
You know that big government doesn't hurt big corporations. They've got the best lawyers and accountants in the world. You know who gets destroyed by big government? It's the little guys.
Too many companies are just being big for the sheer sake of it. Too many CEOs thinking bigger is better.
If you run a corporation, your job is to maximize the return on investment for your investors. Good for you. But by the same token, we have to remember that corporations have no compassion. That's why legislation and regulations are necessary.
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