5/29 ARW Response

In this class, I learned the difference between companies and corporations for the first time. A company can be any business that can be owned by an individual, but a corporation is owned by several people, such as business partners, stockholders, or any collection of people. Today, corporations are known to be evil in general for becoming the world's dominant economic institution. Rab told us about a car corporation refused to recall its products to repair because the price of compensation would be less than the cost for repair, according to their calculation. What they cares about is not safety or morality. It is all about a number. This decision that workers thought "smart" was actually the most ridiculous decision. Jury got so outrageous and sentenced their compensation to be a billion of dollars. However, democracy does not work; the judge had a close connection with the corporation, and decreased the amount to a quarter of this because he "thought" it is too much. This is what power can do. This is what we should consider when we start applying for companies or corporations for job. We should be careful if they are doing anything immoral. Probably today, it is harder to find those that are not.

The topic we discussed in this class was a little bit overwhelming for me, due to lacking knowledge in economy, business, history and sociology. I should be more familiar with these issues; otherwise, I won't be able to catch up to everyone else.