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== '''Part 4''': The Bad Machine ==

[[Corporation|Corporate]] irresponsibility has been known since their inception. When the corporate structure was first invented, the powers that be only allowed them to form for short periods of time after which they would have to be dissolved<ref>'''The Modernization of Corporation Law''', 1920-1940, 11 J. Bus. L. 573 (2009). U. OF PENNSYLVANIA JOURNAL OF BUSINESS LAW, Vol. 11:3. Accessed on 22 July 2022 via: <nowiki>https://scholarship.law.upenn.edu/jbl/vol11/iss3/2</nowiki></ref>. The reason for this limitation on their operational life was that the judiciary feared that as the corporate structure limits liability a whole range of destructive habits might be unleashed with noone to blame. However as corporates became more and more powerful they effectively lobbied for the removal of dissolution controls and became the first semi-autonomous profit generating [[machines]], opening Pandora's box.

[[Corporation|Corporate]] irresponsibility has been known since their inception. When the corporate structure was first invented, the powers that be only allowed them to form for short periods of time after which they would have to be dissolved<ref>'''The Modernization of Corporation Law''', 1920-1940, 11 J. Bus. L. 573 (2009). U. OF PENNSYLVANIA JOURNAL OF BUSINESS LAW, Vol. 11:3. Accessed on 22 July 2022 via: <nowiki>https://scholarship.law.upenn.edu/jbl/vol11/iss3/2</nowiki></ref>. The reason for this limitation on their operational life was that the judiciary feared that as the corporate structure limits liability a whole range of destructive habits might be unleashed with noone to blame. However as corporates became more and more powerful they effectively lobbied for the removal of dissolution controls and became the first semi-autonomous profit generating [[machines]], opening Pandora's box. Today the vast majority of global [[externalities]] (such as emissions) are made by 100 corporations.

[[File:Fiduciary duty.jpg|alt=Fiduciary duty|thumb|'''Figure 1'''. The profit motive, working its way down the chain via ''fiduciary duty''.]]

Corporate objectives are codified in their founding incorporation statements (ICs) which exhibits as behaviour in its leadership via "''shareholder primacy''". This profit seeking behaviour then propagates through the organisation to staff behaviour via "''fiduciary duty"'' (See '''Figure 1''') ensuring all parts of the system work in the pursuit of financial gain of shareholders. This binding principle gives corporates the traits of an inhuman, unfeeling, [[Machines|machine]]. Furthermore, this structure works as a funnel selectively promoting the worst human traits.

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 == '''Part 4''': The Bad Machine ==
-[[Corporation|Corporate]] irresponsibility has been known since their inception. When the corporate structure was first invented, the powers that be only allowed them to form for short periods of time after which they would have to be dissolved<ref>'''The Modernization of Corporation Law''', 1920-1940, 11 J. Bus. L. 573 (2009). U. OF PENNSYLVANIA JOURNAL OF BUSINESS LAW, Vol. 11:3. Accessed on 22 July 2022 via: <nowiki>https://scholarship.law.upenn.edu/jbl/vol11/iss3/2</nowiki></ref>. The reason for this limitation on their operational life was that the judiciary feared that as the corporate structure limits liability a whole range of destructive habits might be unleashed with noone to blame. However as corporates became more and more powerful they effectively lobbied for the removal of dissolution controls and became the first semi-autonomous profit generating [[machines]], opening Pandora's box.
+[[Corporation|Corporate]] irresponsibility has been known since their inception. When the corporate structure was first invented, the powers that be only allowed them to form for short periods of time after which they would have to be dissolved<ref>'''The Modernization of Corporation Law''', 1920-1940, 11 J. Bus. L. 573 (2009). U. OF PENNSYLVANIA JOURNAL OF BUSINESS LAW, Vol. 11:3. Accessed on 22 July 2022 via: <nowiki>https://scholarship.law.upenn.edu/jbl/vol11/iss3/2</nowiki></ref>. The reason for this limitation on their operational life was that the judiciary feared that as the corporate structure limits liability a whole range of destructive habits might be unleashed with noone to blame. However as corporates became more and more powerful they effectively lobbied for the removal of dissolution controls and became the first semi-autonomous profit generating [[machines]], opening Pandora's box. Today the vast majority of global [[externalities]] (such as emissions) are made by 100 corporations.
 [[File:Fiduciary duty.jpg|alt=Fiduciary duty|thumb|'''Figure 1'''. The profit motive, working its way down the chain via ''fiduciary duty''.]]
 Corporate objectives are codified in their founding incorporation statements (ICs) which exhibits as behaviour in its leadership via "''shareholder primacy''". This profit seeking behaviour then propagates through the organisation to staff behaviour via "''fiduciary duty"'' (See '''Figure 1''') ensuring all parts of the system work in the pursuit of financial gain of shareholders. This binding principle gives corporates the traits of an inhuman, unfeeling, [[Machines|machine]]. Furthermore, this structure works as a funnel selectively promoting the worst human traits.

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