RS, Author, Novelist on Nostr: Well, here's the problem: (From the Atlantic Daily Newsletter) "Corporations exist to ...
Well, here's the problem: (From the Atlantic Daily Newsletter)
"Corporations exist to make a profit..."
Well... No.
They exist so groups of people can work together to accomplish "something" they could not alone, typically with said people making a living doing so, while enjoying a legal status that allows the team to act like a single individual.
Profit can be a side-affect. The "team making a living" part comes first before the "sharing a profit" part.
Is this the misunderstanding causing all the problems?
#economics #corporations
"Corporations exist to make a profit..."
Well... No.
They exist so groups of people can work together to accomplish "something" they could not alone, typically with said people making a living doing so, while enjoying a legal status that allows the team to act like a single individual.
Profit can be a side-affect. The "team making a living" part comes first before the "sharing a profit" part.
Is this the misunderstanding causing all the problems?
#economics #corporations