Corporations aren't good for much, as is becoming apparent. The structural defect of the father (the government) is also found in its sons (corporations). The employee doesn't own corporate assets and has no incentive to preserve them- instead they have incentive to take a lot of risk on so they can get a big bonus at the end of the year. If there is a deal you know will go south in five years, but it will get you a bonus for four of those five years, why not do it- especially if you have nice, helpful regulatory bodies to sign off on the legality of it?
The government employee/official may be playing for better position, more power, perhaps in some cases more salary, but the incentive is no different- spend everything and mortgage all the assets to make the next election.
Whether it's finance or farming, the corporate/government structural flaw causes the very problems they pretend to prevent. A local farmer would likely lose his livelihood if his product harmed anyone, yet we regularly see e. coli and other out breaks from various corporations- who follow all the government regulations! There is no downside for any single employee as long as he has followed the regulations.
While watching London burn, however, it occurred a corporation of property owners could run a city far better than any current democratic government. I will expand on this later.
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