Grimsby wrote:
Your gloom conclusions are most unfortunate.
I nevertheless fail to see how the "corporation" -- as we know it today -- could arise to such exaggerated level of powers in a truly free market given that the need for efficiency (as demanded by a highly competitive market) would surely squelch any such superfluous growth. Perhaps you would be so kind as to provide some example (or even a proper argument rather than mere conjecture) to convince me that coercive regulation of the market yields positive benefits for the common man. As far as I can tell, the most prominent regulatory bodies installed by your nation's government (for example, the Federal Communications Commission) only serve to bolster corporate interests rather than control them. To me, this alone (though, of course, there are many other reasons) provides great evidence to suggest that the distinction between "business" and "government" has dissolved in your nation -- arguably as a result of your laughable "regulatory" bureaucracies. Indeed, I would be hard-pressed to believe that you are not already under corporate rule!
All things considered, I find it especially puzzling that you would choose support a system which continues to enslave and oppress you despite the fact that it is quite clear that they do not have your best interests in mind.
Free markets are not as efficient as you seem to think. In the real world, there are market failures - barriers to entry, information asymmetries, externalities, and good old-fashioned irrational behaviour - that pervert outcomes, lead to imperfect competition, and transfer costs from businesses to the rest of society. Recognizing reality doesn't mean I support the current system, I just don't think removing all regulation of business will solve the problems that corporatism poses. There are certainly many harmful or useless regulations and removing such regulations would benefit society, but it is rather simplistic to conclude from this observation that all regulations should be abolished.
Quote:
In short, irresponsible corporations thrive in your nation because your government
protects them from dying.
Not my government, as Tehra pointed out. Your earlier argument was that corporations couldn't exist in a libertarian state because they wouldn't be able to legally incorporate. You still haven't explained how the ability to legally register as a corporation is necessary to act as one. Take, for example,
Golis Telecom of Somalia. Somalia has no functional government and no corporate law, yet it has powerful telecommunication companies which function as corporations in every sense except the legal one.
Jubbergun wrote:
It's relevant because it's what we're discussing. We're not discussing "incorporating" Johny into your card game, we're talking about legally registered business entities. Playing stupid or otherwise being obtuse doesn't change that. What you're doing is the equivalent of saying the conversation is about a weapon designed to shoot arrows when someone tells you they tied a bow.
I wasn't discussing card games either, I was referring to groups of individuals who conduct business as a single entity, yet are not legally registered as a "corporation" in the narrow sense. Nobody has yet explained what the relevance of that legal registration is, in the context we are discussing.