Fred Foldvary wrote: > > Imagine that a nation like the US were run like a corporation. To live > > (and vote) here, you'd have to own a share. You could sell your share and > > leave, and foreigners could come if they bought a share. The corporate > > management would be given financial incentives to maximize the market value > >If you own "a" share, that implies that this is a cooperative, where each >person owns one share and has one vote.
OK. > > What would go wrong or right with running the US this way? > >The problem is central planning. The US corporation would be a giant >enterprise subject to the inefficiencies of any large organization. But as with any corporation, the leaders could use decentralized planning, or break the corporation into pieces, if they thought that would maximize stock value. They could dismantle most regulation, if they thought that would help. >Also, minority interests would be overpowered as they are now. And as they are in any corporation. Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Asst. Prof. Economics, George Mason University MSN 1D3, Carow Hall, Fairfax VA 22030-4444 703-993-2326 FAX: 703-993-2323
