Corporations are greedy, but they operate in a world where it is hard for them to enrich themselves without enriching others too.
Not that I am defending corrupt politicians, I just really don't know what to do about this, and looking at all the bad things corporations do i can't comprehend how they would suddenly become good when even less regulated than they already are
They do not improve your life objetively, usually they do not pay for the price of them when there is a mistake but get benefits from trafficking favors.
That would be fine if you had hundreds of CEOs competing in a market. Unfortunately they tend to merge and create monopolies. And some people salute this because of the growth at all costs mindset.
What else in nature grows at all costs? Oh right, cancer.
If there is benefit in a regulation, the person imposing it is not the person paying the negative outcomes of it. Never. So no, CEOs competing cannot get more than what they generate unless they distort the market in some way.
If history teqches something is that the more of those, the more corruption and handing of favors and "legal corruption" pops up.
It is not by chance. It is just bc of how incentives are aligned. Those incentives, IMHO, can only be destroyed by strong deregulation and privatization. I dnt know how much of it but certainly a country should not be 45-50% or more GDP going public. Besides that centralized planning (we r going towards that) is usually super inefficient. So it is also a technical problem.
More when the peoople to arrange budgets do not pay a penalty even for their corruption in many cases, let alone for their management mistakes. Lagarde is still there and she gets 400.000 eur per year and took the decisios that made us go to these levels of inflation...on top of that she was involved in a corruption case that prescribed (not sure is the appropriate term in english, translated from spanish) I am no economist but I knew what would happen very likely... do they really pull our leg? I think so honestly.