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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mastodon.cloud/users/dcjohnson/statuses/113006504265921944">Dave Johnson (dcjohnson@mastodon.cloud)'s status on Friday, 23-Aug-2024 03:22:42 JST</a><a href="https://mastodon.cloud/@dcjohnson" title="dcjohnson@mastodon.cloud"><img src="https://gnusocial.jp/avatar/90278-48-20230121145555.webp" width="48" height="48" alt="Dave Johnson" style="position: absolute; left: 0; top: 0;">Dave Johnson</a></section><article><p>People don't understand what corporations are</p><p>A corp is a legal contract They are entirely creations of govt. Corps exist for the good of the public. WHY ELSE would a democracy allow them?</p><p>Corps are not sentient entities. They do not "do" anything. Executives do.</p><p>Shareholders do not "own" a corp, they have a claim on its assets in a bankruptcy. (Often after lenders.)</p><p>You can't punish a corp. A fine only takes shareholder money. PUNISH EXECUTIVES for corp harms!</p><p><a href="https://mastodon.cloud/tags/corporations" rel="tag">#corporations</a> <a href="https://mastodon.cloud/tags/democracy" rel="tag">#democracy</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3555321#notice-6978245">In conversation</a><time datetime="2024-08-23T03:22:42+09:00" title="Friday, 23-Aug-2024 03:22:42 JST">about 6 months ago</time> <span>from <span><a href="https://mastodon.cloud/@dcjohnson/113006504265921944" rel="external" title="Sent from mastodon.cloud via ActivityPub">mastodon.cloud</a></span></span><a href="https://mastodon.cloud/@dcjohnson/113006504265921944">permalink</a></footer></blockquote>

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Dave Johnson (dcjohnson@mastodon.cloud)'s status on Friday, 23-Aug-2024 03:22:42 JST Dave Johnson
People don't understand what corporations are
A corp is a legal contract They are entirely creations of govt. Corps exist for the good of the public. WHY ELSE would a democracy allow them?
Corps are not sentient entities. They do not "do" anything. Executives do.
Shareholders do not "own" a corp, they have a claim on its assets in a bankruptcy. (Often after lenders.)
You can't punish a corp. A fine only takes shareholder money. PUNISH EXECUTIVES for corp harms!
#corporations #democracy
In conversationabout 6 months ago from mastodon.cloudpermalink

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