Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Corporations rights don't trump the rights of people. They are subject to the people for a reason, they are organizations that exist for the people, of the people and by the people. This is why we ALLOW them to exist with charters to operate and the discretion of the people. And by the way that part has also been corrupted, charters essentially don't even matter now.


In Swedish law, corporations' (Aktienbolayet) interests do actually trump their own shareholders' interest.


I'm not sure what that means in terms of the common people. In my mind, shareholders, in the shareholding position, are the same as the corporations. When a person has a vested interest that could run counter to the will of the people, then In my mind that is not role where the person has rights that trump the will of the common people.

I know laws are made differently in different countries. But the idea of common law is more about doing whats right for everyone involved in daily living regardless of country. Corporations and making profit, in principle, is a byproduct of people and when those for-profit situations runs counter to the will of people, then in principle, that system should be subject to conditions set by people who actual care about its effects on the world.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: