I just realized this morning that corporations can't exiest in an anarchy,
they are whole a fiction of the state. And, since corporations are just a method
for thieves and criminals to evade the reprecussions of their crimes, i.e., no
personal financial or legal responsibility as there would be in private
ownerships or partnerships.
Which is great -- if the state withers away, the megacorps goes with
it. People will hold the employees of the megacorps personally responsible, as
they should be, for the crimes of the group. The new car you bought turns out to
be a lemon? Grab a few of the employees and make them cough up the money. Don't
like the pollution coming out of that smokestack, start shooting employees until
they clean it up.
If corporations go away, people would form contractual partnerships to build
cars, whatever, and act much more responsible.
I'm not very surprised that you're only just now seeing the obvious...you've only been subscribed to the list for, what, several years?
This has been covered in our discussions of polycentric law and agoric markets, a la Bruce Benson, David Friedman, and many of us over the years.
"Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures."
--Tim May
"The only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others. His own good, either physical or moral, is not a sufficient warrant." --John Stuart Mill
