It Doesn't Matter if the Stock Market Crashes, Corporations Will Soon Be Gone
People continue on today like the stock market is a permanent fixture. People wish that the corporations were nicer, or that they cared at all, but few wish that all corporations would just go away. Even if they hatez Wallymart, or EXX-on.
But this will change soon. People will not only hate specific corporations, but they will hate the legal structure called a corporation.
This happens as more information comes out about the evil that corporations do. From exploiting workers, to poisoning their customers. (yes, i mean actual poison, not just that HFCS are bad for you)
Then there is the lack of reciprocation from the corporation to the city where the corporation is currently located. Like Wallymart will show up in a small city, drive all the local shops out of business, and then realize they aren't making enough, and just leave. Leaving the city high and dry. And Wallymart thinks that this is acceptable business. Well it is not acceptable and people will start arguing with corporations. And when they learn how much the corporations DO NOT care, the corporations will find themselves dropped.
By dropped i mean that no one will deal with them ever again.
The legal fiction is too powerful
Corporations internalize all the profits, while externalizing the costs.
The corporation is a legal fiction, where we give life to a dead thing (corpse-oration). The thing is, we then treat the corporation as a human being, but we really can't threaten it. If a man kills someone, we threaten them with imprisonment. But what does that mean to a corporation? Nothing, unless the state decides to shut it down completely. Corporations HAVE killed people, and all they get is a fine. Ford, from this, worked out how much each person's death costs, and used that to decide if it should spend money fixing the Pinto.
When we heard about what Ford did, most people were like, what can we do about it?
But, if an individual did such a thing, they would be in jail for the rest of their lives.
So, basically, corporations have been given the same rights as a human, but they don't get the same responsibilities. And, really, cannot be punished. Even if the corporation deserves corporal punishment, all that really happens is a piece of paper gets marked closed. The CEO is rarely held personally responsible. And you can't hold employees responsible. So, the corporation can basically kill a town, and that is just business as usual.
How will we get rid of corporations?
Most people believe that corporations are too big (to fail, to control…) to fight, so how will we get rid of them?
Well, we are already doing it. We are relearning to make things ourselves.
The corporations believe they can automate + AI and get rid of us workers.
But, what will really happen, is that humanity will do that to, and get rid of the corporations.
As we build more robots, robots will become cheaper and easier to get/build. And then people will start building these things in their own garages. And then will be manufacturing in their own garages. It will happen much faster than corporations can respond to. The corporations will wake up one day soon and find that there are no customers.
Along with the maker movement, there will be others discovering just how bad the corporations are being. So we will see boycotting, and people looking for somewhere else to buy from. We will see protesting. Corporations who do bad things, will find doing business very hard.
We will also see right through them. If they are making their products to fail, customers will get angry over it. If they are dumping toxins in the river, customers will get angry over it. If the corporation hires H1B visa holders because they can abuse them easier, customers will get angry over it.
Corporations are about to lose all of their customers.
Corporations go full retard
Giant, mult-national corporations will see that they are bigger than many govern-cements, and will try to use that. Try to become a corporation-govern-cement. Have an army of their own. They have the money, they have the power, why not use it?
The problem here is that they forget that they owe their existence to the community that is supporting them. They think that they are above it now, and can just forget the people they exploited. But, they are not. As soon as corporations try to assert their dominance, they will find themselves on the outs. Money and power can buy lots of things except a customer's heart.
And when the corporations actually break that trust, it will be a short time until they no longer exist.
We are in a time of secrets being revealed, and so corporations trying to repair their reputation will be fighting a losing battle. Corporations will be found to have done horrible things, horrifying things, and this time, they won't be forgiven. Even the House of Mouse. Their evil deeds are legion.
So, basically, the giant corporations will take a step to far and will die from their hubris.
Corporations are really only powerful because of money printing. If they can no longer borrow cheap printed money, they cannot compete. Wallymart exists by profiting on the difference in inflation between when the buy a product and sell it. This is only possible if they can borrow the money cheap enough to make the spread.
And then the international shipping breaks down, and all the big corporations just die (if you wonder why corps are trying to reshore manufacturing after spending so much to move it to China? This is why. They are one bad decision from Xi da Poo to having to decide between China and America.
On top of this the stock market is going to be found to have OVERSOLD stocks. People will be found that they do not own any stocks, when they were sure that they bought them. Of course, the block chain and NFTs will be considered the perfect fix, but it only puts off the inevitable.
All the bigs will crumble to dust. And what they are replaced with is the small communities that form choose to make a product for sale/trade with other communities. Corporations thought they could live without the communities, now communities will live without the corporations.