:12:00
along with thousands
of other legal persons
:12:03
is a part of our
daily living.
:12:06
It is a member
of our society.
:12:10
Having acquired the legal rights
and protections of a person
:12:13
the question arises
:12:15
What kind of person
is the corporation?
:12:19
Corporations were given
the rights of immortal persons.
:12:22
But then special
kinds of persons
:12:25
persons who had no
moral conscience.
:12:32
These are a special
kind of persons
:12:34
which are designed by law
to be concerned
:12:37
only for their
stockholders.
:12:40
And not say what
are sometimes
:12:42
called their stakeholders
:12:44
like the community or the
work force or whatever.
:12:46
The great problems of having
corporate citizens
:12:51
is that they arent
like the rest of us.
:12:56
As Baron Thurlow in England
is supposed to have said
:12:58
They have no soul to save
:12:59
and they have no body
to incarcerate.
:13:02
I believe the mistake that
a lot of people make
:13:04
when they think
about corporations
:13:06
is they think you know
corporations are like us.
:13:10
General Electric is a kind
old man with lots of stories.
:13:14
Nike young energetic.
:13:19
Microsoft aggressive
:13:21
McDonald's young
outgoing enthusiastic
:13:26
Monsanto immaculately dressed
:13:29
Disney goofy.
:13:32
The Body Shop
um deceptive
:13:35
very lovely.
:13:39
Do you know what the
body shop is?
:13:40
Nope.
:13:41
They have feelings
they have politics
:13:43
they have belief systems
:13:45
they really only
have one thing
:13:47
the bottom line
:13:48
How to make as much
money as they can
:13:51
in any given quarter.
:13:52
That's it.
:13:53
Of course they
make a profit
:13:55
and it's a good thing.
:13:56
That's the incentive that
makes capitalism work.
:13:59
To give us more
of the things that wanted.