TheBrutalTruth
Well-Known Member
As far as the fictional existence of corporations separate from their owners, that's not a new idea either.I don't know how to put it simplier for you, but I'll try. Within the discipline of economics, in dealing with the history of economic thought, the term 'modern corporation' is generally used to denote from when they were recognized as juridicial persons on. Take a junior level (300) economics course on the development/history of economic theory, and you'll certainly learn that. The course is taught at virtually every public institution.
http://delbus.benabraham.com/
12lf Century - reference to them being legally separate from their owners, or a persona ficta (fictional person/entity)
Of course, you're referring to Modern Business Corporations, which still means that my argument about the Plymouth Bay and London Companies, and the English East India Company still hold weight.
Modern Corporations are not the abusive, domineering, tyrannical monsters that Socialists, and Anarcho-Socialists/Syndicalists attempt to make them out to be, especially when compared to the extreme end of the spectrum.
And this still had nothing to do with whether or not corporations would exist in an anarchist society. The short of it is that they would, but they might not be called corporations.
It is entirely possible that Joint Stock Companies and Privately Held Corporations would still be formed, because they separate the share holders from being vulnerable to being liable for debts a corporation owes, and thus allow for a reduction in risk when it comes to investing in business ventures.
An owner in a company (separate from a corporation) is vulnerable to being told that they must contribute more capital if they expect the corporation to continue providing whatever good or service it is providing. A corporation just separates that, and the legal separation of a corporation from its owners serves to protect all the owners from the actions of another owner that would otherwise lead to them all getting wiped out if the owner that committed the wrong was able to force the corporation to pay for their legal defense, and for any punitive damages.
The Legal Fiction of a corporation actually serves to protect shareholders more than it protects corporations. It is irrational to punish more than just the criminal for their actions.
Leftists claims against corporations ultimately do not hold any water.
Case in point, with out the separation of a corporation from its owners if the owner was caught using drugs then it would be possible for the corporation to also be brought in on drug-related charges.
Which doesn't make any sense, and is totally absurd.
With out the separation of a corporation from its owners/employees an employee could rape some one and the corporation would be on the hook to defend them from their own actions, which means that all the shareholders and employees would be punished.
The legal separation of a corporation from its owners is the only way that co-operatives of any size could be formed, because it allows for the legal separation of corporate resources from personal resources, and provides legal requirements to keep those two resource pools separate from each other.