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Off-topic TalkWhere overpaid, underworked S2000 owners waste the worst part of their days before the drive home. This forum is for general chit chat and discussions not covered by the other off-topic forums.
Originally posted by GChambers While I agree with you that the greed in Corporate America is entirely out of hand, I do not believe this is a governmental issue. Unfortunately, I think that it is the corporations responsibility to choose ethical and responsible leaders. I do not think that any amount of legislation could have changed what happened with these companies. I think the problem lies in the character of the criminals that broke the laws. Greed cannot be eliminated with legislation.
Notice, however, that it's the free market that took care of these companies - once abuses like Enron's came to light, the market gave the company the big . No government regulatory agency ever works as efficiently.
I've seen some good arguments that it was government regulation that allowed Enron and others to last as long as they did, which meant taking more investors (and employees) with them when they finally did fall.
Liberals (democrats) are more concerned with more personal freedoms and federal regulation, where Conservatives (Republicans) tend to be more concerned with personal regulation... atleast thats my take on it
When I was in school, about a thousand years ago, one prof had an interesting perspective on the left and right. Instead of looking at views as being linear they should be viewed as a continuum. That is the ultra left and the ultra right (Communism and Fascism) have more in common then they would like to admit
When thinking on the subject of corporate regulation and the whole unfettered free market, one really has to keep in mind the fact that the concept of the "corporation" is not a natural free market occurrence.
The cornerstone of the corporation is limited liability. As an individual investor, you risk the money you put into a company but nothing more. For example, the individual stockholder in Enron did not have to worry about their personal assets being seized to pay Enron's debts.
This limited liability is already a "regulation" of business, just one that creates the corporation in the first place. It is then completely reasonable and just to regulate what these entities can or cannot do.
According to your answers, your political philosophy is authoritarian.
Authoritarians want government to advance society and individuals through expert central planning. They often doubt whether self-government is practical. Left-authoritarians are also called socialists, while fascists are right-authoritarians.
The red dot on the chart shows where you fit on the political map.
Notice, however, that it's the free market that took care of these companies - once abuses like Enron's came to light, the market gave the company the big . No government regulatory agency ever works as efficiently.