Corporation

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A traditional corporate entity is a collective of people joined together by articles of incorporation in pursuit of profit. Although it may be comprised of individual parts such as directors, officers, and shareholders, a corporation is a legal entity in and of itself this was determined by Santa Clara County vs Southern Pacific Railway in the U.S. Supreme court[1]. This case was a dispute over a railway route, whether U.S. Supreme Court set precedent that a private corporation was a “natural person” under the U.S. Constitution and therefore entitled to protection under the Bill of Rights.

Corporate ownership
Corporate oligopolies sell us our food.
Corporates oligopolies own our media.
Corporates oligopolies own our media.

Behaviour

Corporate entities have a fiduciary duty to pursue profit for the financial gain of shareholders. This binding principle of the pursuit of profit being paramount gives corporates the traits of an unfeeling machine[2].

Research has found people with narcissistic traits tend to get promoted 39% faster in their progression to CEO[3] and that there are at least three times as many psychopaths in executive or CEO roles than in the overall population[4] . 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[5].

References

  1. U.S. Supreme Court (1886): Santa Clara County v. Southern Pacific R. Co., 118 U.S. 394. Decided: May 9, 1886. Accessed 6th Jan 2022 via https://supreme.justia.com/cases/federal/us/118/394/
  2. Bakan, Joel, The Corporation: The Pathological Pursuit of Profit and Power. New York: Free Press, 2004.
  3. 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 https://doi.org/10.1016/j.leaqua.2020.101489
  4. Corporate Psychopathy: Talking the Walk
  5. Hare, R. (1999). Without conscience: The disturbing word of the psychopaths among us. New York: Guildford Press.

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