We mean different things, we have different definitions. To me it seems, that you look more into structure: is it limited or unlimited liability, is it solo owned or a group owned entity, is it for profit or non-profit, is it publicly traded or privately owned etc.
I look more on the function and need this institution serves. I'd consider a local mafia as a company in this sense, it is a group of criminals conducting illicit activities to earn profit. It's legal structure is immaterial to me, companies can exist absent of state. That is my point with OPs rant about what he thinks companies should or should not do - bad luck, companies are not bitches of states, they are manifestation of underlying reality of human nature.
Also profit is necessary component to me, doing something does not cut it for practical reason. For instance banding together with your wife in order to raise children is not a company, it is a different institution - specifically that of marriage forming a family. I guess we can extend the definition if we know what we mean, there definitely is some overlap especially if there actually is family business etc. But it is unnecessary.
georgioz
5d ago
But most kids want to go to college because, pay, wages, jobs aside, it looks like a hell of a lot more fun aged 17 than becoming a bricklayer or taking up an apprenticeship as a hairdresser or plumber or carpenter or electrician, or getting a job at a warehouse, or a call center.
There are still some positions even in corporate world where you can land without university. At 18 you can land some lower-end sales job as SDR maybe with tech-sales or similar. If you are technically savvy, you can aim for presales engineer career which is pretty neat. You can land IT support position and farm certifications. These together with work history will be more valuable than some default easy college. All of these work very well especially with some referrals and recommendations.
At its core the company is an entity formed by shareholders in order to generate profit. This is intrinsic purpose of any company, be it modern LLC, East India Company a pirate crew in Caribbean with its own charter, Hanseatic guild in Baltic or mercenary company in ancient Greece. From times immemorial, people banded together and pooled labor, capital and know-how in order to generate profit for themselves.
All of those things you mentioned such as distributing goods, creating markets, creating jobs and whatnot are externalities of certain type of regulated companies. It is a result if you make it easier for strangers to put together capital and create profitable business. But it would in some form work even without that, only it would be more costly and riskier to do that in unstable environment.
Sure, but I commented on the context that the OP introduced of economic relationships. Not about people grouping together to form a bowling league or moderating Culture Wars online forum etc. That is also an intrinsic social need, but of a different kind.
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