Related terms:
- Capitalism: Economic system based (to a varying degree) on private ownership of the factors of production (capital, land, and labor) employed in generation of profits. It is the oldest and most common of all economic systems and, in general, is synonymous with free market system
- Psychopath: a way of acting.
- Legal institution: Association, corporation, partnership, proprietorship, etc., that has legal standing in the eyes of law. A legal entity has legal capacity to enter into agreements or contracts,assume obligations, incur and pay debts, sue and be sued in its own right, and to be held responsible for its actions.
- Externalities: factors that affect from outside.
- Limited liability: Legal protection available to the shareholders(stockholders) of privately and publicly owned corporation sunder which the financial liability of each shareholder of the firm for the firm's debts and obligations is limited to the par value of his or her fully paid-up shares. The firm itself, as a legal entity, is liable for the rest. Also called limited personal liability
References
QUESTION
As a legal organizational model, how does the rise of corporations influence the aspects of culture in pursuing profit?
In a society where all the social and political structure works around the big corporations it seems to be every time more difficult to maintain some aspects of traditional culture. The new generations are being risen in the context of business, money and pursuing profits, dreaming to belong to one these amazing corporations that make our lives “better”, but in many cases leaving the human sense, and the most important values away. This represents a big and fast phenomenon that is very difficult to stop, taking into account that we are talking about legal entities and also that we are part of it with all the things we do every day. This context changes our minds and takes us to a new globalized and industrialized culture, where our thinking is just exactly the same of all that pursue this corporation love tendency.
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