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== '''Part 4''': The Bad Machine == | == '''Part 4''': The Bad Machine == | ||
The irresponsible nature of [[Corporation|corporate entities]] has been known since their inception. A corporate entity is only a means to an end, [[Relativity of ethics|neither bad nor good]]. | The irresponsible nature of [[Corporation|corporate entities]] has been known since their inception. A corporate entity is only a means to an end, [[Relativity of ethics|neither bad nor good]]. During their inception they were recognised as being so potentially powerful they should only be created with a goal in mind, after which the company had to be dissolved. As corporations limit liability their success as a means of business next to sole traders who took personal liability was incomparable. This popularity over time saw the loss of dissolution controls and in the majority of cases it the pursuit of profit became the paramount driving force. | ||
This takes the form of a "''fiduciary duty''" to pursue financial gain of shareholders. This binding principle of the pursuit of profit being paramount gives corporates the traits of a [[psychopath]]<ref>Bakan, Joel, The Corporation: The Pathological Pursuit of Profit and Power. New York: Free Press, 2004.</ref>. Research has found people with narcissistic traits tend to get promoted 39% faster in their progression to CEO and that there are at least three times as many psychopaths in executive or CEO roles than in the overall population<ref>The Leadership Quarterly: The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position. Published June 2021, Accessed 14th January via <nowiki>https://doi.org/10.1016/j.leaqua.2020.101489</nowiki></ref> . The importance of this fact is emphasised by the knowledge that psychopaths, at around 1% of the adult population, are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations<ref>Hare, R. (1999). Without conscience: The disturbing word of the psychopaths among us. New York: Guildford Press.</ref>. | This takes the form of a "''fiduciary duty''" to pursue financial gain of shareholders. This binding principle of the pursuit of profit being paramount gives corporates the traits of a [[psychopath]]<ref>Bakan, Joel, The Corporation: The Pathological Pursuit of Profit and Power. New York: Free Press, 2004.</ref>. Research has found people with narcissistic traits tend to get promoted 39% faster in their progression to CEO and that there are at least three times as many psychopaths in executive or CEO roles than in the overall population<ref>The Leadership Quarterly: The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position. Published June 2021, Accessed 14th January via <nowiki>https://doi.org/10.1016/j.leaqua.2020.101489</nowiki></ref> . The importance of this fact is emphasised by the knowledge that psychopaths, at around 1% of the adult population, are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations<ref>Hare, R. (1999). Without conscience: The disturbing word of the psychopaths among us. New York: Guildford Press.</ref>. | ||
=== Incorporation Tenet === | === Incorporation Tenet === | ||
Incorporation statements (IC) are legal documents which set out the specific rules, by which a corporation is to operate by. Subsequent rules may be applied in the form of Standard Operating Procedures however these must abide by the initial tenants on the IC. As a single document, ICs are filed usually with the Secretary of State’s office or other agency designated by the state to handle business registrations | Incorporation statements (IC) are legal documents which set out the specific rules, by which a corporation is to operate by. Subsequent rules may be applied in the form of Standard Operating Procedures however these must abide by the initial tenants on the IC. As a single document, ICs are filed usually with the Secretary of State’s office or other agency designated by the state to handle business registrations. | ||
The majority of incorporation statements codify the fiduciary duty of the parts of the machine, which in over 99% of cases is the pursuit of revenue with the reduction of costs excluding environmental externalities. At this point, the relativity of ethics comes into play. ''Do all machines ignore externalities and are intent on destroying the earth?'' ''Is a gun bad? No. Its down to the intent set by the incorporation heuristic, these can be broadly classified into:'' | The majority of incorporation statements codify the fiduciary duty of the parts of the machine, which in over 99% of cases is the pursuit of revenue with the reduction of costs excluding environmental externalities. At this point, the relativity of ethics comes into play. ''Do all machines ignore externalities and are intent on destroying the earth?'' ''Is a gun bad? No. Its down to the intent set by the incorporation heuristic, these can be broadly classified into:'' | ||