Re:Companies Shouldn’t Be Accountable Only to Shareholders
by ryandrake on Wednesday August 15, 2018 @11:55AM
(#17767028)
Since wealth and power can be freely converted from one to the other, in order to maintain some semblance of a society where power is roughly equally distributed among the people, it is necessary to ensure that wealth is also roughly evenly shared among the people.
That may not directly be its role, but if it isn't at -- least to some degree -- an outcome of the government's activity, then I think we're in trouble.
To a first approximation, wealth = power; and human nature being what it is, those who have wealth (and therefore power) will tend, in the absence of control/restraint from government, to use that wealth and power to gather more wealth and power for themselves, without regard for any impact (often negative) on those who have less.
Governments (in my opinion) have a responsibility to protect and help those who, for all kinds of reasons, do not have the wealth or power to adequately take care of themselves. That doesn't mean arbitrary handouts. But it does mean that a relatively larger share of centrally-managed resources should be directed towards helping those who need it most.
And so I'd expect one of the results of a well-run government to be a tendency to reverse some of the flow of wealth towards those who already have it.