Quote:Regulation that only benefits business is bad.  Corporate America has become so entrenched in our society that our politicians often serve the interests of big business over the interests of people.  Even if Corporations were people, none of them have any loyalty to the United States.  Their loyalty is only to the color green.  Corporations aren't evil.  But they're greedy.  And they often do things that hurt the interests of your average person.


Take for example the pay day loan industry.  They have absurdly high interest rates, and prey on those who truly need help.  Some of the most disadvantaged in society.  Some politicians have tried regulating them, but they always find ways around the regulation.  In some of the most absurd ways.  And in some places they're regulated by people who are making money from them!  And according to those same people, it's not a conflict of interest.  That's absurd imo.

 

I can't help but laugh at how you bounce back and forth between corporate personhood. First they aren't people, then they don't exhibit loyalty, then they're greedy. You say they aren't people then point to how they act like people. Non-persons cannot be either loyal or greedy; those are traits of people, not institutions. 

 

And pay day loan businesses fill a very important gap in society. They provide money to people who couldn't otherwise obtain it. The high interest rates are because those people usually aren't credit worthy and because they have a very high default rate. Are you similarly opposed to used car lots that take weekly payments and charge 40% interest? Or do you just think business should assume all the risk without mechnisms to protect their profitability?

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