And were those companies acting as stewards of small communities, taking some of the role of local governments? If not I'm not sure how it applies.
> It's curious why your cynicism doesn't cut both ways...
> Just as it is easy to find evidence of corruption at all levels of government.
It does, and I agree. The difference is that with elected officials you have a mechanism to do something about it. How do you change the agenda of a company that controls the economy of the town you live in? You're not on the board, you can't feasibly get enough of the stock (if it's even public) to sway their strategy.
I will lay out my argument very clearly, again, so there's no confusion, and I will make some parts explicit that I left out that people seem to be making assumptions on.
- For any group in power, you cannot control their future actions. Any person that acts in a way you agree with today, may not act that way tomorrow. That extends to all politicians and all management of companies.
- Because of this neither a company, or interest group, or individual, whether elected or not, can be relied on to work in your interest in perpetuity. I do not view a governing body or a company in any way as superior or inferior to each other because both can go bad.
- Having some way to incentivize or change those in power is important because of the above.
- Citizens of a democracy have some power to do this. People that rely on a non-governmental body for this are thus relinquishing some of their control to affect whether those in power if they are working against their interest.
- Therefore in the absence of evidence that a specific governing body is better or worse than some company in meeting the needs of a community if given the resources of that community (e.g. lessened tax burden and favorable treatment by the community and local government), choosing the apparatus that you have more control over is the better choice.
I am not making any claim that an elected government at any specific instance of time is inherently more likely than a company to act beneficially for a community, but I wholeheartedly believe that since the community can change that local government, they are a better choice to have the power.