That's, of course, very kind of you, don't you think? And who do YOU propose, should be the arbiter of making those decisions; about who makes how much and when is enough - enough?
Since corporations exist solely for the purpose of maximizing profits, and they hold the power over who works and who doesn't, labour law exists to prevent the unreasonable expoitation of workers. Basically, you can have reasonable laws regarding labour standards, or you can have unions.
In the absence of the former, the labour union movement grew in the late 1800's and early 1900's, when labour and safety standards were non-existent. There is now a huge movement afoot to unionize Walmart because of the exploitation of it's workers. Then the unions are planning on the rest of the big-box retailers.
As you said, those who don't learn from their mistakes, are condemned to repeat them. Unions or regulations - which would you prefer?
One would assume that reading your other humorous postings, That, of course, those decisions should be left up to an omnipotent and benevolent Central Government, shouldn't it. I mean, that's the only "fair and equitable" way to distribute others' profits - isn't it?
I love how those on the right think that the ONLY reason a company is profitable, is because the owner worked hard and made it a success. Any smart employer knows their success rise or falls on the backs of its workers and a successful company rewards it's employees first - before the shareholders, because without them, the employer has nothing. Sadly, there are more greedy employers than smart ones so that's where government regulations come in.
The corporations also use public roads, police, fire, and a host of other public services. They benefit from doing business in a stable, peaceful economy with a highly educated work force. Transportation systems are readily available to get their goods to market. The government has negotiated favourable trading arrangements and tarrifs for their imports/exports. Multi-nationals also benefit from having "American interests" abroad protected by the military.
American companies are successful because their government has provided them with the tools they need and which they aren't able to provide for themselves. As I pointed out in another, there are no large multi-national corporations employing thousands of people in countries without a strong central government, and none in countries with no income tax structure.
There are lots of countries in the world where you don't pay income tax - nearly all of which are oil-producing states in the Middle East, or tropical island nations who rely on tourism for their income. Andorra and Monaco are the only European nations with no income tax.
And who should pay the billions and billions of dollars that companies pay out ( from their bottom lines) for R&D? Marketing? Advertising? Again, one can only assume that in your "All for the collective and the collective for all" approach that the "People's government" would shoulder that responsibility, as well?
Unfortunately, that was the idea in the USSR and Red China. Hopefully, you see how far that got those folks.......
Why do you right-wing types always bring up the communist models? Regardless of what you may think, pure capitalism isn't working any better than communism, except that the fall of communism didn't crash the world's economy.
There needs to be a BALANCE. I know this is a foreign concept to right-wingers. In order for
some to be wealthy, many must be poor. A social democracy recognizes that not all can or will succeed and provides a social safety net for those who don't thrive in a capitalistic society.
"Those who do not remember the past are condemned to repeat it" - George Santayana
We've already had two world-wide depressions because of Republican transfers of wealth upward. The Robber Barons of the late 1800's and early 1900's crashed the economy in 1929, and Reagan Republicans and his successors did it again in 2008. How many times does this have to happen before you right-wingers learn?