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transcript from video
- Profit vs. People: A corporation’s mission is to make profits. This isn’t just good business sense – it’s also a legally binding component of incorporating. Government’s mission is to to provide for all citizens through the “common good” – things like roads, schools, and police protection. In fact, if a government is profiting, then they are probably hoarding tax dollars for no good reason. Microsoft may be smart for keeping $36.1 billion in cash and liquid short-term investments, but the government would be letting people down if they sat on that much money and weren’t using it to keep the country running.
- Shareholders vs. Citizens: There are 535 people in Congress, the President, and nine judges. All of these politicians and judges answer to over 300 million Americans. That’s a lot of decision makers, but it’s this system of checks and balances that works to ensure each person’s voice is heard. It isn’t perfect (lobbyists/special interests/and corruption still exist), but consider the alternative. As a minor shareholder in a major company you wouldn’t even have the opportunity to vote on major business decisions—like whether or not to remove a failing CEO.
- Customers vs. Constituents: Companies have the luxury of dumping a line of business because it isn’t profitable or choose to streamline their offerings to serve just one sector of the population. Government agencies do not have this option. This is a good thing. Imagine if Apple ran the government. Fire and Police departments would only answer calls to the homes of twenty-something hipsters, we’d have to use iTunes to file our taxes, and all legal disputes would be resolved at the Genius Bar. It would be horrible.