[quote]phaethon wrote:
Not really. Because in the case of large corporations the corporation isn’t directly representative of its shareholders. A large company might decide to lobby for X. 60% of the shareholders might disagree with the company lobbying for X. Short of firing the entire board (quite difficult and time consuming) the shareholders can’t really do much about it though. And unless it is a major issue they aren’t going to fire the board.
There should be some way for the shareholders to voice their concerns but giving companies themselves the right to directly influence government is not a wise practice.[/quote]
Of course the corporation isn’t directly representative of the shareholders - neither is your government directly representative of the voters, and that isn’t an accident.
And don’t shareholders voice their concerns by electing directors?
And you said it yourself - unless there is a major issue, they aren’t going to fire the board. Well, if that’s true, then that definitionally means that the shareholders are fine with the decisions of the board…if they weren’t, that’d be a major issue and the shareholders would fire the board.
You’re all balled up - you’ve conceded that shareholders and do express their voice. SO the lack of a shareholder voice isn’t a problem.
Skip the “ideally” part - what do you want? Should unions and environmental advocacy groups have their collective voice silenced the same as for-profit coroprations? Yes or no?
You’re not making sense, because you can’t draw where the line is supposed to be. Corporations try to influence the people on specific issues all the time )think taxes). Is this not ok?
But a legal entity is most likely a person’s property. Or more specifically, a conglomeration of lots of people’s property. If they decide to assemble a collective voice on an issue that affects them (same as an environmental group or a union), why should that collective voice be silenced as to the laws that affect that legal entity?
That’s just plain creepy. What you are proposing is government power that is largely unaccountable to the subject of its regulation.
Sure, shrink government. Trim regulations. Ban earmarks. Get some sunshine in the process and make it simpler.
Expanding government and regulation makes the problem worse, not better. Thr rich and connected can use that kind of an environment to secure privilege quit eeasily. Take that environment away.