tag:blogger.com,1999:blog-5732131302511815278.post6429445797678790858..comments2015-08-22T10:33:39.385-04:00Comments on Tillman Talk: The Purpose of Corporationsdajunglebrothahttp://www.blogger.com/profile/14555849348811496256noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5732131302511815278.post-79633158055181800572013-05-15T13:53:11.827-04:002013-05-15T13:53:11.827-04:00Many assumptions here :
1.) What is profit ? bal...Many assumptions here : <br /><br />1.) What is profit ? balance sheet figures, currency numbers ? infact this is the root cause of the imbalance that corporations are creating.<br /><br />2.) making profit need not be a result of doing something right. corporations make profit out of lobbying, exploiting inherent loop holes in the system, and many other innumerable ways. for example, companies made huge profit advertising their product wrongly, but then were put to break after 4 years of successful sale. then does that justify their four year profit making as something good ? somethign right ? <br /><br />I do not see depth, sorry. neither i see life as the center of discussion, if life and happiness is not at all at the center of something, then how can it even aim to increase its standards ? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5732131302511815278.post-39705299089123355412011-11-16T22:16:25.121-05:002011-11-16T22:16:25.121-05:00I have written a response to this, but sadly I hav...I have written a response to this, but sadly I have surpassed the 4,096 character limit. So I have made a new post that is called "The Purpose of Corporations II." It was posted on November 16, 2011. It is found here: http://tillmanspeaks.blogspot.com/2011/11/purpose-of-corporations-ii.htmlP F Cwikhttps://www.blogger.com/profile/11560913374910953949noreply@blogger.comtag:blogger.com,1999:blog-5732131302511815278.post-66240566140098102322011-11-16T06:50:23.809-05:002011-11-16T06:50:23.809-05:00I can't believe a supposed doctor wrote this. ...I can't believe a supposed doctor wrote this. It's so woefully shortsighted and is pretty much everything wrong about the modern economy. Is the system working as you describe right now? A resounding NO! <br /><br />Profits are being made with no real resource being managed. It's profit being made off of profit itself, leeching away the value of real labor resources from the working classes. That's the problem!<br /><br />Prices do not simply function as pieces of information, they are extremely powerful implements of social control. Who is the consumer in a stock transaction? The answer today is really no one, there is no person deriving use from a good that is sold. The primary "use" of stocks today is as placeholders of value -- their prices. <br /><br />How then does a "good" get priced when its value is its price? The answer is that it cannot be priced in any way that is beneficial to an economy, by any system that makes any sense.<br /><br />This is how the global financial system has essentially turned into a gigantic casino game. And that is not good at ALL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5732131302511815278.post-3949354746017355332011-06-18T23:29:15.830-04:002011-06-18T23:29:15.830-04:00My Anonymous friend is making some critical mistak...My Anonymous friend is making some critical mistakes in his(?) analysis. Before we turn to that, there is a challenge about whether profit is a "good thing." I say, "Yes, it is!" because it is the "after-the-fact" signal that an entrepreneur has done something right, i.e., serve the consumer. The level of profit shows the extent that discoordination has been removed from the economy and that resources have been combined in non-wasteful ways.<br /><br />The idea that investment for investment's sake spurs growth is not true. Capital is not homogeneous, and as a result, capital investments must be made through the method of economic calculation. Without economic calculation, (searching for profits) there is no manner in which we can tell if resources are being used wisely or wastefully.<br /><br />Furthermore, "society" neither grows nor develops. That is falling into that "collective nouns" trap that I explained in the post. All this sort of analysis must start at the individual level and then build up.<br /><br />Additionally, ALL investments that are profitable serve the public need. If people were not served by the products and services created by the entrepreneur's investment, then he would suffer a loss. Profit is the sign by which we can objectively say that the public need was served! There is no other way to objectively judge.<br /><br />Finally, profits are not something that causes suffering. To think this way assumes that there is a fixed amount of wealth, which results in winners winning only at the expense of others. This analysis is simply wrong. Profits are the result of wealth creation. Both the producer and the consumers win. It is not a zero-sum game, it is a positive-sum game, where each side wins.P F Cwiknoreply@blogger.comtag:blogger.com,1999:blog-5732131302511815278.post-7800699672996690472011-06-17T18:23:29.387-04:002011-06-17T18:23:29.387-04:00This article states factual information throughout...This article states factual information throughout but then ends with a conclusion lacking justification. Why is it a good thing that the purpose of corporation is only to make a profit?? I would propose that the purpose of corporations in our capitalist society should be to spur development and growth of society - that is, to harness private interests to serve the public need. Thus, corporate profits should be suffered only to the extent necessary to serve the public need.Anonymousnoreply@blogger.com