Accidental? Maybe 'accident' isn't quite the right term. The state created the template of corporations and upon formal application and payment of fees, grants them a license to do business--as a stock-issuing corporation, for instance.
1d — Bitter Crank
I'm pretty sure I'm saying what I intend to say but might be a translation thing, so let my try to explain. It's the underlying relationships between people that gives the corporation its identity and structure, without them there would be no corporation. As such we should be concerned with the actual relations and not the abstraction. The political power of the corporation is vested in the corporate leadership, whereas it derives that power from the economic efforts of all the people in its structure. It's a predominantly undemocratic system in that the shareholders decide on the corporate leadership who in turn have a vested interest in maximising shareholder value, that is, short term profit, whereas the power is derived from an unheard mass of people.
Now, if we then look into the history of the corporation, it becomes even more interesting. The corporation originally was awarded a charter "by the people" to build or pursue something of social value and in
return they were granted limited liability. There was no right to profit for the shareholders as the shareholders invested because of the secondary effects of what the corporation did. For instance, a bridge might reward people on both sides with increased commerce, the increased commerce could be the effective return and as such a reason for them to in vest in Bridge inc.
Well, I would totally disagree that corporations are accidental. They consist of humans after all, and are therefore the result of human endevour and human decisions. — Ralph Luther
See above.
Explain, why you cannot assume, that this is actually the case? Many of friends are entrepeneurs in IT and finance. And over the last couple of years our discussion base shifted, from idealists, who wanted to make the world a better place, to more practical points of interests.
Anything that has any relation to you alters you. Your perception and your deliberation are in constant change, even of you do not notice it. So why should the relation between corporation-employees and corporation-goverment be any different? — Ralph Luther
This seems quite obvious. The interests of shareholders (who elect corporate leadership) are not aligned with wage-income employees. The directors will pursue policies that benefit the bottom line (or they'll get sacked) and short-term profitability to ensure shareholder value. An employee, especially a dependent one, is not benefitted from short-term profitability but long term stability. Profits are important, and lower wages a good way of increasing them. Not for the benefit of the employee. The same for health and safety standards. And that's just internal examples.
If we look externally, then we see that profits are increased if corporate taxes are lowered and dividend taxes are lowered. But taxes are used to sustain a public infrastructure that corporations use as much, if not more, than citizens in their private time. That public infrastructure will therefore necessarily deteriorate or regular people will have to pay the difference in other taxes (VAT and income tax). Again, the employee is worse off.
The few times that interests do align it's usually for the wrong reason: e.g. not because it's the right thing to do but because it would increase profits.
So yes, socially it is unacceptable that corporations have acquired many rights that have translated into impressive political influence and we should be dismantling that. Precisely because the corporation is accidental, e.g. there's no reason the workers couldn't be working for a totally different company making totally different things, we shouldn't accord it with so much power where that power is by and large wielded for a very limited goal with basically no ethical dimension whatsoever. It is no surprise that politics often degenerates into "what is good for the economy?" instead of "what is good for society?" So a particular measure will increase wages, or increase GDP, or increase purchasing power parity for people or increase the employment rate but these are economic results of a decision that is far more politically intricate.
GDP growth as a result of military spending, is that what we want? Yes or no? Why?
A higher minimum wage to guarantee a minimum living standard? Or should we provide benefits to guarantee a minimum living standards? Or something else? Why?
PPP is an average, who should really benefit from the increase in purchasing power? The rich, the poor or the middle class? Everybody equally? Proportionally? Why?
These are all non-economic questions and are about what type of society people want to live in. Pursuing economic abstractions undermines the necessary political discourse needed. Economic theory enables us to weigh economic outcomes of our choices but, "whatever makes the most money" is not a sensible answer to an ethical question but precisely the one corporations will give you.