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I find this amazing — how's that working out in practice so far?
Don't get me wrong — I'm all for the free market as long as there are strong anti-monopoly laws in place and strong democratic governments able to watch these beasts. For beast they are — mostly driven by the bottom line. Occasionally a CEO develops a conscience, and the documentary above highlights one of my absolute corporate heroes. But he is the exception, not the rule.
So basically I find your "Corporations are nice people who don't pollute because it might hurt their bottom line" statement incredibly naive — like something from an idealistic 14 year old. There's a scene in The Corporation where Corporate pollution fines scroll up the screen for over a minute. We're talking about hundreds of millions of dollars in fines. And yet they still do it! Why? The bean counters have explained that it costs far less to pollute or "externalize costs" than not to pollute, even with the occasional fine thrown in.
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That's just the problem, right there! "Citizens" aren't worth diddly squat when a multi-billion dollar corporation decides they want to mine their land. Citizens don't have $200 000 to fight it out in your "Law by Wealth" justice system.
"a particular individual, has decided that people should value" How's that working out for all those Americans forced to live near coal mines because some CEO decided they needed the coal next to their townships? How's their health? You know that the average resident of a coal mining area has lung and throat cancer 3 times higher than even us city folk?
"You go bust and your competitors become rich."
No, they only go bust when Erin Brokovitch takes them to court and freakishly wins! Usually they just keep on dumping on the little guy, and usually get away with it. Again, the bean counters have done the math. Watch the Corporation doco and join the real world.

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