InvestorsHub Logo

BullNBear52

05/09/21 11:37 AM

#372940 RE: B402 #372934

Corps were once beneficial to society, now they suck the life out of the US and the world....With no social conscience any more, only the worst of us would defend them...

LMAO. The company is based in Italy. Not WVA.

West Virginia factory is center stage in supply chain crisis, showing economy’s strains
Shifting landscape of parts shortages, price spikes challenges key auto parts maker

https://www.washingtonpost.com/business/2021/05/08/manufacturing-supply-chain-crisis/
An Italian multinational, Sogefi has 40 manufacturing sites in 23 countries. Its sole U.S. unit, located along the Big Sandy River here, produces engine manifolds and oil filters for just about every major global automaker.

Sogefi is the sole source for an oil filtration module used on every six-cylinder Fiat Chrysler engine. This month, the plant begins round-the-clock production of a key part for Ford’s F150 pickup. Overall, orders are at or above pre-pandemic levels.

Koog

05/09/21 12:03 PM

#372943 RE: B402 #372934

And when men live by trade--with reason, not force, as their final arbiter--it is the best product that wins, the best performance, the man of best judgment and highest ability--and the degree of a man's productiveness is the degree of his reward. This is the code of existence whose tool and symbol is money. Is this what you consider evil?

Source: Francisco d'Anconia’s Speech, Atlas Shrugged, by Ayn Rand, p.388

fuagf

05/09/21 4:42 PM

#372979 RE: B402 #372934

Another generalization i'd say you could refine. Not all are bad for society and not all are as harmful as others.

"Corps were once beneficial to society, now they suck the life out of the US and the
world....With no social conscience any more, only the worst of us would defend them...
"

There are many bad people yet you would never say all people are bad. It's an aspect of thinking you could check.

Do corporations do more harm to society than good?

[...]

Monopolies yes...Corporations no.

I think part of the culture that is anti-corporation is centered around the giant ones. Those ideally if they are that large become monopolies, unfortunately the powers that be tend to not prosecute or otherwise put the watch dogs into place to prevent this. Corporates in general are not bad and do far more good then bad when you take into account that the reason for a corporation is to separate oneself legally from their business, most corporations are incorporated small businesses and small business is always good for a community. Its when a giant starts to stamp those out that we have issues, buy something from a local store if you have issue with the big guys. Personally I end up doing both, for quality vegetables I go to the local grocer and they are usually competitive price. For other items like coffee I tend to go to larger stores because I am froogle. Corporations exist so say someone who had a great idea wants to start a business around, legally separates himself from the business and then can sale stakes in the profits to be made so he create prototypes or buy supplies etc. So the vast majority of corporations are not evil, it is the large ones that technically are not legal as they are for all practical purposes are the issue. Go after the Apples and Walmarts if you want but leave the other smaller corporations out of it.

https://www.debate.org/opinions/do-corporations-do-more-harm-to-society-than-good