Saturday, February 16, 2008

In Defense of Corporate America

I very much enjoyed this article in the Undercurrent by my OAC classmate Noah Stahl. Here's an excerpt, but be sure to read the whole thing:
Given that corporations represent an enormous benefit to our lives, what then explains the hostility they are confronted with on a daily basis? Why do so many people despise and distrust all things corporate?

The common objections are not economic—that the corporate form is economically efficient is rarely debated. Rather, the complaint is a moral one, all centered on a single word—profit. The corporation was explicitly created to achieve a single goal: making a return on investment. Those who create and manage a corporation openly seek to turn their ideas into profits, and the investors they attract are openly motivated by the same purpose. Hence the common refrain of the critics: “all they care about is making money.”
The other articles in this quarter's issue are also good and I must say that I find it very encouraging to think that students are putting out such high quality material and that their voices are being heard on campuses across the country.

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