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Culture War Roundup for the week of May 18, 2026

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Corporations or companies function is different across time and space. A company that exists in France must hold up to very different standards than America or China. This is one of the myriad reasons why when people criticize "capitalism" it's incoherent.

But in America, the purpose of a corporation is basically up to the owners. Usually that means maximize profit, but usually that's enforced by lawsuits from angry shareholders, not a strong explicit legal criterion. (although to some limited extent thar exists). However there are lots of exceptions. If you have a private corporation, then the goal of that corporation is whatever the owner(s) want. Anyone who has worked for a small or mid sized corporation with dictatorial owners probably knows well that sometimes profit isn't the singular motive.

We should rightly note that there are tons of "capitalist systems" (hereby defined as to some extent directed by a market) that don't seem to strive to full employment. Southern Europe has been at high unemployment for decades and chugs along without ever changing anything.