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View Diary: Ending the criminal insanity of the concept of corporations as people (280 comments)

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  •  caui - every country in the G20 recognizes (2+ / 0-)
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    Eyesbright, Alumbrados

    that if you don't allow limited liability structures that can attract passive investors you will have a country of mom and pop sized entities. You need to reach a critical mass, and economies of scale, to manufacturing complex things like cars and airplanes, or compete in world markets. Those companies need capital from passive investors.  

    "let's talk about that"

    by VClib on Wed Nov 27, 2013 at 09:06:28 AM PST

    [ Parent ]

    •  true enough (2+ / 0-)
      Recommended by:
      VClib, Alumbrados

      and it's also true is that almost all of these G20 countries regulate and control the excesses of their limited liability structures better than we.

      “Vote for the party closest to you, but work for the movement you love.” ~ Thom Hartmann 6/12/13

      by ozsea1 on Wed Nov 27, 2013 at 12:00:33 PM PST

      [ Parent ]

    •  in other words, VC, we (0+ / 0-)

      need corporations?

      Keep digging.

      don't always believe what you think

      by claude on Wed Nov 27, 2013 at 12:52:39 PM PST

      [ Parent ]

    •  "Limited liability" (0+ / 0-)

      Means that the risk to the entity has some limit to it. That is, I suppose, why the investors will come.

      Since the liability has been somehow limited by legal means, then I think it would be appropriate to also limit the "personhood" by the same means.

      "Limited Personhood" would mean that the entity could not excercise religion or be involved in politics. Take that, Hobby Lobby!

      A true craftsman will meticulously construct the apparatus of his own demise.

      by onionjim on Thu Nov 28, 2013 at 03:00:44 AM PST

      [ Parent ]

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