Yes, I believe that the zombie vampire apocalypse is upon us. Corporations resemble zombies because of their mindless unrelenting need to extract wealth, which is their food. Corporations are vampires because they are parasites preying on the population, and the planet, to drain us, and it, as you say, to the last milliliter.
I think no one can be rich enough when wealth is represented by pixels on a screen. Can you ever have enough pixels on a screen to be sure it would just all disappear tomorrow?
You make good points. Someone wrote a book proposing a change in corporate law across the board, that not only are they required to maximize shareholder profit (by law), they are also required to be good neighbors, responsible environmentalists, and fair employers. Embed that in the law, and change will result. Let's all hold our breaths, shall we?
We could go back to taxing corporations at 94% the way we did in the '60s, so they plowed their earnings into R&D instead of stock buy-backs, to shield them from taxation.
Yes, I believe that the zombie vampire apocalypse is upon us. Corporations resemble zombies because of their mindless unrelenting need to extract wealth, which is their food. Corporations are vampires because they are parasites preying on the population, and the planet, to drain us, and it, as you say, to the last milliliter.
Isn't it amazing that no-one is actively revisiting the premise that profit maximisation should be the sole goal of large transnational organisations?
When you're a tiny little company, which has a 70% chance of being wound up within 12 months, profit maximisation is a matter of survival.
When you turn over $1bn+ at 10%+ net margin, you really are in a position to be slightly more humane.
But no politicians discuss it and no billionaire ever thinks they're rich enough, do they?
I think no one can be rich enough when wealth is represented by pixels on a screen. Can you ever have enough pixels on a screen to be sure it would just all disappear tomorrow?
You make good points. Someone wrote a book proposing a change in corporate law across the board, that not only are they required to maximize shareholder profit (by law), they are also required to be good neighbors, responsible environmentalists, and fair employers. Embed that in the law, and change will result. Let's all hold our breaths, shall we?
We could go back to taxing corporations at 94% the way we did in the '60s, so they plowed their earnings into R&D instead of stock buy-backs, to shield them from taxation.