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Obama Campaign Ad: Mitt Romney, Job Destroyer

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iossarian5/14/2012 10:37:32 am PDT

re: #35 SidewaysQuark

BS, Rattner. A corporation’s responsibility is neither of the above- it’s to maintain a viable and productive company over the long term, not to “generate jobs” or “land a windfall”. (Doing so, however, will generate jobs and land profits far and wide, something that quite clearly didn’t happen, here.)

Actually, a for-profit corporation is pretty much designed to make a profit for its shareholders, regardless of how that happens. And if the shareholders value short-term profit over long-term stability, then that is what the corporation will pursue.

Which is why capitalism alone is a shitty system for maintaining a stable society, because intense competition between individuals will tend to lead people to seek short-term advantages. Sometimes you need to regulate and eliminate some aspects of competition in order to maximize the common good.