In a message dated 7/21/01 10:01:37 AM Pacific Daylight Time,
altamiratexas@earthlink.net writes:
> It would probably be useful to examine the various characteristics of
> corporations (perpetual existence, limited liability, management separate
> from ownership, etc.) to see which of these tend to undermine truly free
> markets.
I'm surprised that limited liability doesn't get more
flack from libertarians. The management/ownership
split isn't a problem in itself but in large companies
you get the same problem as with goverment in which
small groups with strong interests (managment) exploit
large groups with individually small interests
(shareholders).
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