The Instigator
Z4RQUON
Pro (for)
Tied
0 Points
The Contender
abviolin2
Con (against)
Tied
0 Points

For-profit corporations should be given an expiry date.

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Post Voting Period
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Voting Style: Open Point System: 7 Point
Started: 3/20/2015 Category: Economics
Updated: 2 years ago Status: Post Voting Period
Viewed: 276 times Debate No: 72071
Debate Rounds (3)
Comments (0)
Votes (0)

 

Z4RQUON

Pro

A corporation is a company or group of people authorized to act as a single legal entity, and recognized in law as a person. For-profit corporations are legally obligated to maximize profits for their shareholders and they are also immortal. This is a recipe for disaster.

Businesses are not the job creators, middle-class consumers are the job creators.
Once a for-profit corporation gobbles up cash it does everything in its power to avoid recirculating that cash, they only use it to get more.

reduced cash circulation = reduced jobs = reduced economy

Rich *real people* create these reservoirs of "dead cash" too but they are forced to recirculate their money when they die. For-profit corporations should have to do the same.
abviolin2

Con

Because my opponent presented an argument in the first round, I will as well.

1. Forcing corporations to shut down at a certain date subverts the will of the people. Capitalism is the ultimate form of democracy: the people determine what goods and services they purchase, and thus indirectly control the means of production. "Bad" businesses will die on their own: consumers won't purchase their goods and services, and the business will go out. It's not fair to limit consumers' options.

2. Forcing corporations to shut down removes economic incentives. The economy thrives on the profit motive, so significantly stymying profits will reduce incentives to provide quality goods and services.

I will rebut your argument next round.
Debate Round No. 1
Z4RQUON

Pro

Z4RQUON forfeited this round.
abviolin2

Con

abviolin2 forfeited this round.
Debate Round No. 2
Z4RQUON

Pro

Z4RQUON forfeited this round.
abviolin2

Con

abviolin2 forfeited this round.
Debate Round No. 3
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