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The notion of a legally sanctioned corporation remains controversial for several reasons, most of which stem from the granting of corporations both limited liability on the part of its members and the status and rights of a legal person. Some opponents to this granting of "personhood" to an organization with no personal liability contend that ...
Protester holding Adbusters' Corporate American Flag at the Second inauguration of George W. Bush in Washington, D.C.. Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests.
This debate has become well known in corporate governance, with widely conflicting interpretations, for the conflict over the extent to which corporations should pursue "shareholder value" or the "public interest". Berle and Dodd agreed that the corporation should pursue the public interest, but were initially at odds in how this was achieved.
The most expensive means tested welfare program, Medicaid, costs the federal government 30 billion dollars a year or about half of the amount corporations receive each year through assorted tax breaks. S.S.I., the federal program for the disabled, receives 13 billion dollars while American businesses are given 17 billion in direct federal aid. [34]
Corporations are keen to avoid interference in their business through taxation or regulations. A CSR program can persuade governments and the public that a company takes health and safety , diversity , and the environment seriously, reducing the likelihood that company practices will be closely monitored.
Under the Constitution, every American citizen and resident is subject to income taxes. States and local governments collect taxes to fund things like infrastructure and public safety services.
Corporate liberalism functions via a façade of opposition between a purportedly progressive statocracy and a purportedly pro-market plutocracy. The con operates by co-opting potential opponents of the establishment; those who recognise that something’s amiss with the statocratic wing are lured into supporting the plutocratic wing, and vice versa...Perhaps the balance of power shifts ...
The defenders of corporations, such as Ron Arnold, highlight that governments legislate in ways that restrict the actions of corporations and that lawbreaking companies and executives are routinely caught and punished, usually in the form of monetary fines.