RE: Corporate Influence on Democracy
March 18, 2011 at 3:46 pm
(This post was last modified: March 18, 2011 at 4:45 pm by Anomalocaris.)
Since corporation is the primary organizational and operational mechanism for wealth creation at both individual and societal level, and the society places heavy direct and indirect emphasis on wealth creation in evaluating the performance of its government, it is inconceivable that government should be insusceptible to corporate influence.
It seems to me that supposed ills many seem to see in collusion between corporation and government can be traced to the fact that the short term interests of equity holders to whom anglo-saxon style corporate governance more or less owes its sole faduciary duty is served by means which are perceived to be at variance with the short term interests of those who stake in corporate system is not in the form of stocks or bonds. It seems to me that the solution to the supposed ills of corporate infleunce in civil government is better addressed not by making civil government antagonistic to corporate interest, but to alter corporate governance rules to incorporate a broader spectrum of stake holders than just the equity investors.
It seems to me that supposed ills many seem to see in collusion between corporation and government can be traced to the fact that the short term interests of equity holders to whom anglo-saxon style corporate governance more or less owes its sole faduciary duty is served by means which are perceived to be at variance with the short term interests of those who stake in corporate system is not in the form of stocks or bonds. It seems to me that the solution to the supposed ills of corporate infleunce in civil government is better addressed not by making civil government antagonistic to corporate interest, but to alter corporate governance rules to incorporate a broader spectrum of stake holders than just the equity investors.
