Corporations -- Corrupt practices -- Fiction; Life on other planets -- Fiction; Science fiction
"You will have to go back further than that. I can't possibly know the
history of all the planets in the Empire. That's what I pay you for.
Give me some background."
This little speech made Kim lose his clutching hold on his patience.
Roald Gibbons had just taken office after the death of his father, who
had managed the galactic firm for twenty years. By merely being the
boss's son, Roald had achieved the reputation of being an ignorant,
careless playboy. His professed ignorance of the planets confirmed, in
Kim's mind, this reputation.
With an effort, Kim resumed. "The planet of Lyrane, the only habitable
one in the system of Lyrane--Copernicus sector--was colonized by a
socio-economic sect for the purpose of testing its slightly radical
beliefs.
"This sect maintained that an individual should not be paid on the
basis of the work he did, but for the good deeds, or good thoughts
he had. A small stipend was paid for actual work or production, to
establish a workable basic economy and trade. This stipend was enough
to cover all the basic wants of the individual.
"To procure luxuries, a citizen had to use the money he received for
his good deeds or thoughts. Every time a man helped an old lady across
the street, or came up with a bit of philosophical wisdom, he could
record it with a central office and receive his luxury pay from the
government.
"The purpose of the system was to make people emphasize virtue and
quality in their lives. Instead of concentrating on profit for profit's
sake, they would have to consider the inherent rightness and beauty of
what they were doing."
"In such a system," Roald asked, "how could such a thing as a stock
market possibly develop?"
"Very simple, sir. This luxury pay, issued in a different currency
than the commodity pay, could be used in any way a person saw fit.
Some people naturally developed the idea of investing stock in a
particularly virtuous or intelligent person. Every time that person did
a good deed, the stockholders received a dividend from his luxury pay.
All of the scientists and philosophers, therefore, became corporations
in themselves, with as many as five thousand people holding stock in
one man."
"Sorry, Kim, but I don't get it. How could these incorporated
individuals get any luxury pay for themselves if they had to hand it
out to their stockholders?"
"The administration would allow for that. A person received luxury
pay in proportion to the number of stockholders that he claimed. The
government had to do this since they indirectly were investing in these
corporation-men--but I'll explain that later.
"The corporation-man lived off the original investments of
stockholders, with some of the stock solvent for sales. In this way,
the individual would profit from "good-doing" by receiving many new
investments."
Public-domain text, read in full here on John Shaqi.
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