[ExI] Libertarianism wins again...

[Samantha Atkins]

On 07/20/2011 10:26 AM, Dan wrote:
> 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.

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.

> Two, corporations are usually the biggest advocates of regulation.

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.

- s
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