Still wondering…why do you believe Wind Over Westmill (Wow) is corrupt?

Interesting, I know of a windfarm called Westmill (Wind Over Westmill) that takes the PROFIT from it’s 5 wind turbines and in part, distributes those profits as interest to it’s members.

Is Westmill is corrupt Adam?

No, a business corporation is organised and carried on primarily to sell to customers and exchange the customer money for the businesses’ goods or service.

That is all.

All else is political dogma and hidden corruption.

Will you learn?

BEcause it’s no good to just go “Oh, well, I gyess I was wrong”, the point isn’t anywhere near just correcting you.

Being wrong is the default state of any knowledge, just like atheism is the default state of any faith, but many merely just pick the wrong religion (oddly enough, it’s always “someone else” who picked the wrong one and the believer just happened to get the only right one… odd that). Education isn’t to correct you, it’s to change your way so you won’t do it wrong the next time.

If you don’t go “To be pedantic, there’s no such thing as “red”, only the qualia “red” as I described in my philosophy of physics book on amazon.com” faux intellectual, then there’s no need to bow and scrape. I can take comfort in that there’s just a little more thinking going on in the world.

“As I understand it, I’m using the generally accepted meaning. By that meaning, we will not find any mandate in laws.”

But that is merely horseshit. It’s nowhere in any law, any mandate or any guidelines of incorporation. ANYWHERE.

It’s a MYTH. It’s a SHIBBOLETH. It’s FAKE.

It’s a lie.

If you ever DO find a corporate charter that puts in it ANYWHERE a mandate to maximise profit, RUN. AWAY. They will scam you. That maximises their profit.

You will never find one, though.

There is no mandate, nor even guidelines, for a business to maximise profit.

ANY business has these requirements

1) Operate under the law
2) Sell to customers
3) Buy from suppliers
4) Pay your wage bills
5) Pay your dues

That’s it.

A corporation requires, in order of importance these things and these things alone are mandatory:

1) Customers. Without them you have no method to generate revenue. No customers, no business

2) Workers. Without them you have nothing to sell to customers. No workers, no product, no business.

3) Owners. Without their cash you might not be able to keep going to pay the bills to begin with. But you have to have Customers or you have no revenue, and without workers, you have no product, so all your cash, all your “ideas” are meaningless because there’s nothing there to be a business.

Profit is unnecessary. All the bills are paid before profit. Everyone gets paid what they need. And if anyone has money in the business, they still have that business asset as collateral and to sell.

ZERO profit is all a business needs. Less than that and the business will eventually fail. And more than that is merely evidence of a failure of the market to find the fair market price, and is a drag on the economy, making it inefficient.

A business with zero profit and a fairly narrow pay structure indicates that the market is working as intended, as the ideology expects.

A business with massive pay disparity indicates the market is not working and that there is a drain on the economy and it is begin syphoned off into a small number of hands, denoting corruption.

And a business with profits indicate that the market is not frictionless and that there is an unexploited market that indicates a failure to supply to the market their demands.

IF you wanted to get into what free market ideology “intends” for corporations and businesses, that is. Because that zero profit and low wage gap is what is supposed to be the inevitable result of a “more efficient and responsive” private industry response to a demand. Sans that and we’re, in free market terms, still looking at the corrupt and inefficient government actions, the only difference begin there’s nobody to hold accountable for the inefficiency or corruption when they’re not public officials.

Wow – You make a number of good points. For example, it is true that “want” results from complex interactions. Although I studied multiple realizability related to philosophy of science for concepts and desires like “want”, I’m certainly no expert.

The other good point you raise regards “legal mandate”, which perhaps sounds too strong, like it is law, rather than a legal ruling. As I understand it, I’m using the generally accepted meaning. By that meaning, we will not find any mandate in laws.

As for rulings that constitute this meaning of mandate, many consider the Ford v Dodge ruling as relatively clear:

“A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end, and does not extend to a change in the end itself, to the reduction of profits, or to the non-distribution of profits among stockholders in order to devote them to other purposes…” See: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2154031. IMO, this one is an interesting read: http://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=2345&context=fss_papers

Thanks for keeping me honest!

Oh, right? Where IS that law? Can’t remember ANY country having a law that makes companies mandatorily HAVE to maximise profit.

Who knew that the USA would criminalise businesses failing, eh?

You don’t seem to realise that “want” is the result of a complex interaction between multiple codependent parts that result in an overall reaction that is somewhat predictable as “intent”.

This is how even your brain operates and how you dothe things you “want” to do: the various neurons interact in a complex way with each other and the variation of the biotic soup that your brain interacts in to produce a consequence we instill a pattern we ascribe as “want” to it.

Next time you wish to wax rhetoric about wants on a pedantic tone, please refer back to this post for your edification.

Re: #12: I hate to be pedantic, however: while technically: companies cannot “want” things, we might say that as legally mandated maximizers of profit and market share, the optimal outcome for manufacturers is massive overuse with avoidance of liability. The first condition appears as a matter of historical record, the second is a core value for incorporation.

If the typical for-profit corporation was actually a “human person” rather than a “legal person”, they would often qualify as a psychopath by standard clinical assessments, particularly the PCL-R model – see: https://en.wikipedia.org/wiki/Psychopathy_Checklist#PCL-R_model_of_psychopathy

According to the latest estimates from WHO, there were 214 million new cases of malaria worldwide in 2015 (range 149–303 million). The African Region accounted for most global cases of malaria (88%), followed by the South-East Asia Region (10%) and the Eastern Mediterranean Region (2%).
In 2015, there were an estimated 438 000 malaria deaths (range 236 000–635 000) worldwide. Most of these deaths occurred in the African Region (90%), followed by the South-East Asia Region (7%) and the Eastern Mediterranean Region (2%).
Between 2000 and 2015, malaria incidence rates (new malaria cases) fell by 37% globally, and by 42% in Africa. During this same period, malaria mortality rates fell by 60% globally and by 66% in the African Region.

Continuing:

Other regions have achieved impressive reductions in their malaria burden. Since 2000, the malaria mortality rate declined by 72% in the Region of the Americas, by 65% in the Western Pacific Region, by 64% in the Eastern Mediterranean Region, and by 49% in the South-East Asia Region. For the first time, the European Region reported zero indigenous cases of malaria in 2015.

Still continuing.

Children under five are particularly susceptible to malaria illness, infection and death. In 2015, malaria killed an estimated 306 000 under-fives globally, including 292 000 children in the African Region. Between 2000 and 2015, the mortality rate among children under five fell by 65% worldwide and by 71% in Africa.

From

https://goo.gl/jlmr4A