Archive for the ‘evil corporations’ Category

Who do we blame today?

I give you the leftie complaint guide, courtesy of rmsharpe over at the CFC forum:

EVENT ———————- BLAME

Blizzards —————— ExxonMobil
Cold weather ————— Rush Limbaugh
Drought ——————– Microsoft
Fog ———————— Pfizer
Hail ———————– IBM
High humidity ————– FOX News Channel
Hot wealther ————— Philip Morris
Hurricanes —————– Karl Rove
Ice ———————— Monsanto
Rain ———————– Bush administration
Snow ———————– Wal-Mart
Thunderstorms ————– CEOs
Tornados ——————- McDonald’s
Wind ———————– General Dynamics



Media Success – A Primer (How to get laid as a social scientist)


Gabriel Mihalache over at Economic Investigations has a great New Year’s piece:

Short Guide to Media Success

Some highlights:

— Try and cultivate a healthy ignorance of everything related to the operation of free markets and finance capitalism. […] Values come from the warm and fuzzy feeling inside. Anything else is Bushie propaganda

Always be sure to imply, but quite never spell out, that “having a right” means that the State must (forcefully, if necessary) expropriate (or de facto enslave) some people to the benefit of your chosen disadvantaged group du jour. Remember, the State is a fine mean to show your compassion, with other people’s money.

— Remember… patriots want to protect their country. So they’re protectionists! It makes sense. Anyone who says otherwise wants to have foreign corporations rape the pristine, virginal, natural landscape and resources of the land. Pie them. That’s a fine argument. It shows intellectual depth.

If you follow these easy steps, you’ll soon become a sweetheart of the media, you’ll get book deals, documentary deals, and middle-class, white, entitled, pol-sci majors from Europe, with a vague moral outrage and a head full of Galbraith, will have sex with you on your conference tour.

Read the rest HERE

Update: I was looking for a picture of J. K. Galbraith on wikipedia and this is what was listed in the article:


Hats off to the wikipedian with a sense of humor 😀

(preserved for posterity: wikipedia-galbraith1.PNG )

A Corporation Is NOT a Legal Fiction

A “corporation” is an artificial creation of the “legal system”, its a non-existent entity, it’s a fiction. It can’t “do” stuff — it can’t control, nor help anybody. It’s the men and women who “do” stuff, in the “name” of the corporation.

An argument similar to anarchist arguments against the state.

So what’s the problem with the corporation argument? At first glance, we might incline to agree: only individuals act, a corporation is not an individual, therefore corporations don’t act – they don’t do anything. Corporations are made up of people, and only those can be said to act, not the corporations themselves.


Consider this case:

We have individuals A, B, C. These decide voluntarilly to pool some capital (money, goods, ideas) in order to be of benefit to them. This pool can also be called “corporation” or “company.”

Also, A, B and C elect another person: D, who will decide the day-to-day matters of the company (we will call him the CEO). So far, we see no problem, all matters are decided voluntarily.

Now, A, B and C might decide to put some of their control of the company into shares, which they could sell to someone else. Thus, they can get back some money early in the game, and also have additional capital for investments. So we have an entire range of people: S1, S2, …, whom we will call “shareholders.” It can also happen that A, B and C have sold off all their shares and the company resides entirely in public hands. This still does not change the voluntary nature of the company.

By investing their capital in the company, A, B, C, as well as the Ses are making voluntary decisions. We cannot say that an artificial creation has emerged that acts on its own self. All “actions” of corporations can be traced down to invidiual actions and choices.

Equally, an individual has the choice of wether or not to engage in relationships with the corporation (either as an employee, shareholder or customer).

So we can conclude that corporations are indeed not legal fictions. They are groups of individuals acting together towards common goals.