Friday, June 19, 2015

A Capitalistic economy could not survive without 'economic fictions'; but, they need more duties and responsibilities..

A Nations Capitalistic economy needs economic fictions. Of course, the fictions are the 'corporate structures' that it created. We call those economic structures 'persons' and extend Constitutional protection to them. 'Economic persons' have an economic grasp that is incomparable. No human being can compete with a corporate structure. This creates a social with two types of 'persons'; an 'economic person' and a 'real person'. Both are under Constitutional protection. However, a real persons has definite 'moral', 'social', 'economic' and 'political' duties, while a corporate person has only the protection it needs to 'exist' as a fictional person so that it can have an increased economic 'grasp', and to make a 'profit'. Its only duties are to exist and to make a profit. If it does not make a profit, its existence can be terminated by those who incorporated it or it can blend with other corporate structures. That is not the case with real human beings. The problem is that real human beings have many social, family, financial, and political duties and the corporation has none. A corporation only exists too make a profit and has no other duties in the social or the political spheres. To be sure, it also pays taxes, but even that, is not on a basis that reflects the 'increased economic grasp' it has been given. It has no duties, and no social, or political, responsibilities. The indirect result of all that, is that it allows for the existence of the Top 1%. How sad; we create 'economic fictions' and the 'owners', who are real people, 'hoard' all the money at the Top 1% of the economy. The 'corporate fictions', if they are to exist, need more 'duties and responsibilities'.

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Democracy For The Bottom by Gilbert Gonzalez is licensed under a Creative Commons Attribution 3.0 Unported License.