Corporations In The 19th Century

A corporation has become a significant part of our society in the past 150 years. Corporations in the 19th century were given the rights of a person, which is quite an obscure decision that has led to many problems with these businesses. A major problem with corporations is their drive for profit because there is never enough profit for a company. The corporations is legally bound to put the company shareholders good above even society’s good as a whole. This leads to a huge set of problems with externalities that lead to the corporation letting other people take care of things that would cost them precious profit such as protecting their oil fields to building roads to gain easy transportation routes. Some researcher blames corporations for the great increase in cancer around the world due to hazardous materials from the creation of their products or using their products in general. There are many penalties given out but are they really penalties? It is sad, but penalties do not stop these large corporations because they are still cheaper for many of the businesses than actually following the laws so following laws is just another business decision they make. …show more content…
This is not good because public institutions help the general public’s needs but private institutions do not have the same obligations. Corporations have evolved and learned how to “nag” the customers or manipulate the consumers into buying your products more often. Marketers play to children’s vulnerabilities through the televisions and the way they communicate their products to children. We need to see the cracks of justice and responsible business ethics that many corporations are lacking to provide because it is hurting the world through its unsustainable business actions that exploit the unprotected, pollute the natural environment, capitalize on others pains, and many more actions