-
Essay / Business Elites Essay - 864
Business elites pose a threat to our freedom. Money is power, and we live in a capitalist society; with having a large amount of money comes a large amount of power, and one can do just about anything with both. In 2011, companies held $2 trillion. Business elites own most of the money in America, which gives them control. A corporate elite is made up of the owner, director, and senior management of a country's largest and most important business corporations. A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such by law. Corporations were initially created by the people and for the people. These are legal structures permitted by our legislatures and applied. by our courts to serve our purposes. We, the People, have decided to allow this form of legal structure to serve us by bringing together the resources needed to complete large-scale projects that serve us. They are supposed to provide us with benefits in the form of goods and services, good jobs and taxes. (Johnson) Citizens have placed their trust in these corporate elites by granting them special privileges, expecting them to use this privilege for the benefit of the people by performing tasks on a large scale, holding jobs, etc. An example of this privilege is limitation of liability. In other words, investors are not held responsible for the actions of their company. In the event that the company is sued for any reason, it will not lose more than its investment. Although corporations were created for our benefit, they have done more for themselves than for us. Businesses have only one goal: profit. In order to make profits, business elites use their money as a source of energy through control contracts. The answer is that they will lose profits. “Businesses…are structured to make money. In pursuit of this single goal, they will freely set aside concerns about the societies and ecological systems in which they operate” (Cray and Drutman). Another case where companies are giving us harm rather than good deals with the pricing of their products using the supply and demand method. The law of demand states that if all other factors remain equal, the higher the price of a good, the less people will demand that good. The law of supply states that quantities will be sold at a certain price in relation to demand; the higher the price, the higher the quantity supplied. The main reason business elites pose a threat to our freedom is because they control the media. The vast majority of media are owned by a handful of large companies.