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Discussion in 'Politics' started by Dickie4:20, May 21, 2010.
uExpress.com: Ted Rall by Ted Rall -- (05/20/2010) CRIME AND PUNISHMENT, CORPORATE STYLE
You do realize that corporations are what they are today because... they're protected by the Government, right? Becoming a corporation allows you to offset your own liability, in the case that something bad happens. This is called limited liability. A corporation is basically an LLC, with shareholders. By law, corporations aren't full accountable for their liabilities. That's why LLC's are called limited liabilities, because they are not able to fully handle a potential liability when a disaster arises. As I said, corporations are basically LLC's, with shareholders (and are much larger, typically).
In a true free market, a corporation wouldn't exist. And speculation that a 'corporation' should be nationalized, is a funny one, because they're already basically nationalized. They're insulated from risk of screwing up, by the Government. This is called moral hazard. When you have a safety net to fall back on, you're more prone to make rash decisions. People love to talk ill about corporations, and blame it on the free market, but the simple fact is, that couldn't be farther from the truth. Corporations are not a mechanic of the free market--they're a mechanic of corporatism.
Isn't a nationalized corporation..like..a government?
Yes, and as you'll see across the world most nationalized industries are becoming privatized. Real progressivism.
It's funny, there's overwhelming evidence that the Government is inherently corrupt, and doesn't care about it's citizens, and each 'side' of the two major political demographics in this country think that--by getting their guy and their people in power, things will be fixed. Well, that's never happened, and the lines between the two majority 'sides' are constantly blurred.