Corporations and profits?

Its a left wing nut job ploy.

A corporation's goal is to increase profit.

They do that in several ways. Among the most used tactics to increase profit are:

- lower labor costs by giving less pay or exploiting cheaper overseas labor

- wiping out competition so prices can be increased

-squeezing supply so prices can be pushed up

Now all of these tactics come at the expense of the majority of people, which make up the working class. The net effect of exploitation of cheap labor in foreign countries is money leaving the donor country's economy. the donor country is the one losing jobs like America is.

They get away with these things by employing expensive lobbyists to convince our government to work in their best interest. This reduces the strength of each individual vote and gives those not represented by multimulillion dollar lobbyists less representation.

This incidentally is also the reaosn the right hates ACORN so much because it actually gives someone other than the rich a voice in the government.

the original purpose of a corporation was for people to get major projects done without any one person incurring a huge amount of the cost. This changed when they were given the same rights as individuals in the government. They were institutions that served the people. Now they are viewed as individuals that the people are to serve.

When it comes to commodities like oil the interest of the oil corporation to increase profit conflicts not only with the economic best interest of a nation and all its businesses, but also national security.

They do so, when they extract money from local economies.

Its nice to pretend that Walmart is a benevolent company that helps decorate the trailers of good republicans. In reality Walmart undermines the local economy to the point of driving local companies out of business, by employing far fewer employees than all the business they destroy, at lower wages. The money spent there is then forwarded on to shareholders, and leaves the local economy completely. Meaning that it no longer supports the community, causing even more economic damage.

The money gained is spent on buying products from other countries and paying for services provided in other countries. It is incredibly harmful to small towns and small businesses. Some people feel like spending 30cents less for a product made in China is worth putting their neighbor's out of business. I don't.

It happens when the government gets involved. Then big corporate interests buy themselves special privileges and use government force to cripple competition etc.

Free market capitalism is the enemy of corporatism. Government is the friend of corporatism.

Leftists are too dumb though to understand that.

Tax strategy has replaced R & D. LOL