Well yeah I know, as told to me by really smart people, corporations are indeed nothing more then a structure used to define a companies formation. But I also know that that structure dictates mainly how the employed corporate officers are to be designated. The word “corporation” derives from corpus, the Latin word for body, or a “body of people.” Arguing this point is merely semantics and really not fruitful.
You see signs at rallies that say “Corporations are not people and money isn’t speech”. I am not exactly sure what they mean by this statement but I think it is meant to to make corporations cold and heartless. Alright, but can you really assign evil to an inanimate object? Lets say a corporate entity dumps a truckload of sludge into a river. Do you blame the CEO (witch is presumably a person and not a goat) or do you blame the paper used to file the corporation in a given state or country, an inanimate object? Corporations are sued in court, CEO’s go to jail all the time. The idea that corporations protect individuals from liability is not altogether true. Cash and assets belonging to the corporation are at risk to law suits, and they can even be dissolved by the government. Most corporations are designed to protect the officers personal assets from creditors. And this is not always fool proof.
Now according to some, an entity who’s main purpose is to generate profit for their employees, stockholders and corporate offices are by definition evil. This is stunning to me. Just about everything we consume is brought to us by corporations. I phones, music labels, televisions, automobiles, hair products, condoms for gods sake, all come from companies that have formed corporations. As far as I know , they are are all run by people, making decisions everyday that effect our economy.
If you payed attention to what the “occupy whatever” crowd was saying, you may be as perplexed as I am. These people clearly do not understand how free markets work and I blame our education system. There has been way to little attention focused on economics in our public schools. If they start in middle and high school teaching them how business operates they will be better equipped when they enter college and are exposed to their collectivist professors.