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On 07/20/2011 10:26 AM, Dan wrote:
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<div><span>Your view of deregulation overlooks two significant
facts. One, corporations are creatures of the state.
Therefore, absent the state, they would all likely cease to
exist.</span></div>
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<br>
Do not confuse legal definitions with functional ones. Business
forms that limit liability (except in criminal cases) to the assets
of that business are required for many types of enterprise to occur
at all. <br>
<br>
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<div><span>Two, corporations are usually the biggest advocates
of regulation.</span></div>
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<br>
This confuses buying of favors from illegitimately powerful
government with a business form. When the state has so much
involvement in the economy there is little choice but to seek to buy
such power. When the state can shut down entire businesses it is
too tempting to try to shut down one's competitors using state
force. The problem is giving the state that power to start with.<br>
<br>
- s<br>
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