The Economics of a Corporation
17
7/31/2019 The Economics of a Corporation http://slidepdf.com/reader/full/the-economics-of-a-corporation 1/17 18.08.12 21:26 The Economics of a Corporation Seite 1 von 17 http://www.mises.ca/posts/blog/the-economics-of-a-corporation/ Ludwig von Mises Institute of Canada Tu Ne Cede Malis Search here... Home LvMIC Daily About Blog Learn Events TASC Media Donate
Transcript of The Economics of a Corporation
7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
Seite 1 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Ludwig von Mises Institute of
Canada
Tu Ne Cede Malis
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Events
TASC
Media
Donate
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 217
180812 2126The Economics of a Corporation
Seite 2 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Economics of a Corporation
Friday August 17th 2012 by Ashe Whitener posted in
Capitalism RegulationShare 4Tweet 4 Like 9
It seems very popular these
days to blame Big Corporations for the troubles and ills of our
economy They are too greedy they exploit their workers they
make poor business decisions go bankrupt and get bailed-out
from the government (the taxpayer) Itrsquos very popular
especially on the Left to use Big Corporations as a punching
bag to appeal to their constituents and this type of demagoguery
is nothing new That said not nearly enough people have
actually thought about what a corporation is and why they cause
so much trouble Letrsquos take a closer look at these evil
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 317
180812 2126The Economics of a Corporation
Seite 3 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
monstrosities
Government Loves Corporations
Mitt Romney Republican candidate for President famously said
that ldquoCorporations are peoplerdquo In a way he is right A
corporation is a collection of people that have come together for
a common cause typically to make money by providing a good
or a service to the public A corporation cannot have more
rights than the collection of rights of the people that form itand since all humans have the same Natural Rights (speech life
the fruits of their labor etc) they cannot invent new rights or
legal shields when coming together Neither can the
government grant special rights or privileges to a corporation
above those rights of a single individual because individual
people have rights not brick buildings The only rights allowedto a corporation are the EXACT SAME rights as the individuals
who organized it
The trouble comes in when governments allow corporations to
apply for special legal privileges that are outside the scope of
Natural Rights All of a sudden this imaginary entity called aldquocorporationrdquo now has special legal protections that a normal
person does not have Government grants these legal
protections to whomever they want those who bribe or jump
through their legal hoops or possibly know someone on ldquothe
insiderdquo Without these additional protections the owners of the
business organizations (corporations) would be liable for anydamages to person or property just the same as if you or I were
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 417
180812 2126The Economics of a Corporation
Seite 4 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
responsible for damages
Government makes friends with businesses by limiting the
amount of liability placed on the owners of a corporation This
wins votes money and power by selling their influence as wellas giving out new imaginary ldquorightsrdquo If the government told
you that you could rob or cheat someone without being held
personally liable would you be more inclined to rob more or
less people This influence peddling is Fascist and bridges the
gap between Big Government and Big Corporation
Unfortunately this friendship is all to common and exists innearly every country Bailouts are the most obvious example of
this mutual ldquofriendshiprdquo but the ramifications of government
interference runs deep
Regulation also plays a part in this Big GovBig Corp
relationship Once a corporation grows in size they want to limitthe amount of new competition that enters the field to protect
their profits and influence Big Gov will enact regulations for
your safety of course which increases both the cost and
complexity of new small businesses to compete with the Big
Corp
Licensing is a good example of this type of regulation
Requirements to obtain a specific license restricts the number of
people that can legally enter the workforce in a specific sector
The stock brokerage profession is a great example All stock
brokers and money managers in the US are required to obtain a
license from FINRA which is a ldquoprivate organizationrdquo thatregulates the brokerage industry Remember this is a
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 517
180812 2126The Economics of a Corporation
Seite 5 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
supposedly private organization but its licenses are required by
the government
Corporations in a Free MarketCorporations could exist in a Free Market even without any
type of government intervention Since a corporation is nothing
more than like-minded people deciding to organize together for
a common cause they are free to do so As long as they do not
deny Life Liberty or Property to anyone else
The difference between a corporation in the Free Market and a
corporation which is granted special rights by Big Gov is that
the owners of the Free Market corporation would be personally
liable for all damages The owners of Big Corporations
currently have their personal assets protected and only thecorporationrsquos assets are legally liable when being sued In a
Free Market without such government intervention the owners
of the corporation would be liable for all damages since joining
together does not give them additional rights to shield their
assets from liability
It would be possible through contracts to tell potential clients
that the owners have pooled a certain amount of
resourcescapital together and that all of their other assets are
not subject to liability It would then be up to each of the
corporationrsquos clients and customers to decide if they want to do
business with such liability limitations If so they would sign
the contract with the corporation stating that they understand
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 617
180812 2126The Economics of a Corporation
Seite 6 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
that the corporationrsquos owners cannot be sued for more than the
assets owned by the corporation If not the potential clients
could refuse to work with such a group of people
Conclusion
The Freedom of Association the ability to pick the people that
you associate with allows for the ability for free people to come
together to form groups and organizations At times these
groups decide to produce a good or service and to provide it tothe general public in order to make a profit Hopefully this will
never change
Corporations at their very root are nothing more than this type
of organization The confusion comes in when Big Government
gives corporations special rights and privileges to shield legalliability and to limitrestrict competition These special rights
are not subject to natural law and it is not possible for people to
organize together and gain additional rights
The owners of corporations should be responsible and liable for
the damages caused by the market organization which they have
formed Removing this liability causes corporations to take
risks which they would otherwise not take because their personal
wealth is not at stake With the addition of special regulations
Big Gov and Big Corp can legally take advantage of the
customers and work together to benefit each other Big Gov
enjoys controlling Big Corp and industry for power purposes
and Big Corp enjoys the extra protection that Big Gov provides
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 717
180812 2126The Economics of a Corporation
Seite 7 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Enter text right here
Name Email Website (optional)
Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
Submit Comment
Post a new comment
Subscribe to None
Donate
We need your support
Donate Now
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 917
180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1017
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1117
180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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1 day ago
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2 days ago
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The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1317
180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
5 days ago
0 Comments
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6 days ago
6 Comments
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6 days ago
Categories
The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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Banking
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Economics
EducationEnvironment
Epistemology
Events
Foreign Policy
Health Care
HistoryIntellectual Property
Law
Lifestyle
Methodology
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Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1517
180812 2126The Economics of a Corporation
Seite 15 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Links
June 2012
May 2012
April 2012
March 2012
February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
Home
LvMIC Daily
AboutBlog
Learn
Events
TASC
Media
Donate
contactmisesca
Log in
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 217
180812 2126The Economics of a Corporation
Seite 2 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Economics of a Corporation
Friday August 17th 2012 by Ashe Whitener posted in
Capitalism RegulationShare 4Tweet 4 Like 9
It seems very popular these
days to blame Big Corporations for the troubles and ills of our
economy They are too greedy they exploit their workers they
make poor business decisions go bankrupt and get bailed-out
from the government (the taxpayer) Itrsquos very popular
especially on the Left to use Big Corporations as a punching
bag to appeal to their constituents and this type of demagoguery
is nothing new That said not nearly enough people have
actually thought about what a corporation is and why they cause
so much trouble Letrsquos take a closer look at these evil
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 317
180812 2126The Economics of a Corporation
Seite 3 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
monstrosities
Government Loves Corporations
Mitt Romney Republican candidate for President famously said
that ldquoCorporations are peoplerdquo In a way he is right A
corporation is a collection of people that have come together for
a common cause typically to make money by providing a good
or a service to the public A corporation cannot have more
rights than the collection of rights of the people that form itand since all humans have the same Natural Rights (speech life
the fruits of their labor etc) they cannot invent new rights or
legal shields when coming together Neither can the
government grant special rights or privileges to a corporation
above those rights of a single individual because individual
people have rights not brick buildings The only rights allowedto a corporation are the EXACT SAME rights as the individuals
who organized it
The trouble comes in when governments allow corporations to
apply for special legal privileges that are outside the scope of
Natural Rights All of a sudden this imaginary entity called aldquocorporationrdquo now has special legal protections that a normal
person does not have Government grants these legal
protections to whomever they want those who bribe or jump
through their legal hoops or possibly know someone on ldquothe
insiderdquo Without these additional protections the owners of the
business organizations (corporations) would be liable for anydamages to person or property just the same as if you or I were
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 417
180812 2126The Economics of a Corporation
Seite 4 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
responsible for damages
Government makes friends with businesses by limiting the
amount of liability placed on the owners of a corporation This
wins votes money and power by selling their influence as wellas giving out new imaginary ldquorightsrdquo If the government told
you that you could rob or cheat someone without being held
personally liable would you be more inclined to rob more or
less people This influence peddling is Fascist and bridges the
gap between Big Government and Big Corporation
Unfortunately this friendship is all to common and exists innearly every country Bailouts are the most obvious example of
this mutual ldquofriendshiprdquo but the ramifications of government
interference runs deep
Regulation also plays a part in this Big GovBig Corp
relationship Once a corporation grows in size they want to limitthe amount of new competition that enters the field to protect
their profits and influence Big Gov will enact regulations for
your safety of course which increases both the cost and
complexity of new small businesses to compete with the Big
Corp
Licensing is a good example of this type of regulation
Requirements to obtain a specific license restricts the number of
people that can legally enter the workforce in a specific sector
The stock brokerage profession is a great example All stock
brokers and money managers in the US are required to obtain a
license from FINRA which is a ldquoprivate organizationrdquo thatregulates the brokerage industry Remember this is a
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 517
180812 2126The Economics of a Corporation
Seite 5 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
supposedly private organization but its licenses are required by
the government
Corporations in a Free MarketCorporations could exist in a Free Market even without any
type of government intervention Since a corporation is nothing
more than like-minded people deciding to organize together for
a common cause they are free to do so As long as they do not
deny Life Liberty or Property to anyone else
The difference between a corporation in the Free Market and a
corporation which is granted special rights by Big Gov is that
the owners of the Free Market corporation would be personally
liable for all damages The owners of Big Corporations
currently have their personal assets protected and only thecorporationrsquos assets are legally liable when being sued In a
Free Market without such government intervention the owners
of the corporation would be liable for all damages since joining
together does not give them additional rights to shield their
assets from liability
It would be possible through contracts to tell potential clients
that the owners have pooled a certain amount of
resourcescapital together and that all of their other assets are
not subject to liability It would then be up to each of the
corporationrsquos clients and customers to decide if they want to do
business with such liability limitations If so they would sign
the contract with the corporation stating that they understand
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 617
180812 2126The Economics of a Corporation
Seite 6 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
that the corporationrsquos owners cannot be sued for more than the
assets owned by the corporation If not the potential clients
could refuse to work with such a group of people
Conclusion
The Freedom of Association the ability to pick the people that
you associate with allows for the ability for free people to come
together to form groups and organizations At times these
groups decide to produce a good or service and to provide it tothe general public in order to make a profit Hopefully this will
never change
Corporations at their very root are nothing more than this type
of organization The confusion comes in when Big Government
gives corporations special rights and privileges to shield legalliability and to limitrestrict competition These special rights
are not subject to natural law and it is not possible for people to
organize together and gain additional rights
The owners of corporations should be responsible and liable for
the damages caused by the market organization which they have
formed Removing this liability causes corporations to take
risks which they would otherwise not take because their personal
wealth is not at stake With the addition of special regulations
Big Gov and Big Corp can legally take advantage of the
customers and work together to benefit each other Big Gov
enjoys controlling Big Corp and industry for power purposes
and Big Corp enjoys the extra protection that Big Gov provides
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 717
180812 2126The Economics of a Corporation
Seite 7 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Enter text right here
Name Email Website (optional)
Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
Submit Comment
Post a new comment
Subscribe to None
Donate
We need your support
Donate Now
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 917
180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1017
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1117
180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
You are currently browsing comments If you
would like to return to the full story you ca
1 day ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
2 days ago
1 Comments
You are currently browsing comments If you
would like to return to the full story you ca
The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1317
180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
5 days ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
6 days ago
6 Comments
You are currently browsing comments If you
would like to return to the full story you ca
6 days ago
Categories
The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Archives
Banking
Capitalism
Civil Liberties
Economics
EducationEnvironment
Epistemology
Events
Foreign Policy
Health Care
HistoryIntellectual Property
Law
Lifestyle
Methodology
Music
PhilosophyPolitics
Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1517
180812 2126The Economics of a Corporation
Seite 15 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Links
June 2012
May 2012
April 2012
March 2012
February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
Home
LvMIC Daily
AboutBlog
Learn
Events
TASC
Media
Donate
contactmisesca
Log in
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 317
180812 2126The Economics of a Corporation
Seite 3 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
monstrosities
Government Loves Corporations
Mitt Romney Republican candidate for President famously said
that ldquoCorporations are peoplerdquo In a way he is right A
corporation is a collection of people that have come together for
a common cause typically to make money by providing a good
or a service to the public A corporation cannot have more
rights than the collection of rights of the people that form itand since all humans have the same Natural Rights (speech life
the fruits of their labor etc) they cannot invent new rights or
legal shields when coming together Neither can the
government grant special rights or privileges to a corporation
above those rights of a single individual because individual
people have rights not brick buildings The only rights allowedto a corporation are the EXACT SAME rights as the individuals
who organized it
The trouble comes in when governments allow corporations to
apply for special legal privileges that are outside the scope of
Natural Rights All of a sudden this imaginary entity called aldquocorporationrdquo now has special legal protections that a normal
person does not have Government grants these legal
protections to whomever they want those who bribe or jump
through their legal hoops or possibly know someone on ldquothe
insiderdquo Without these additional protections the owners of the
business organizations (corporations) would be liable for anydamages to person or property just the same as if you or I were
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 417
180812 2126The Economics of a Corporation
Seite 4 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
responsible for damages
Government makes friends with businesses by limiting the
amount of liability placed on the owners of a corporation This
wins votes money and power by selling their influence as wellas giving out new imaginary ldquorightsrdquo If the government told
you that you could rob or cheat someone without being held
personally liable would you be more inclined to rob more or
less people This influence peddling is Fascist and bridges the
gap between Big Government and Big Corporation
Unfortunately this friendship is all to common and exists innearly every country Bailouts are the most obvious example of
this mutual ldquofriendshiprdquo but the ramifications of government
interference runs deep
Regulation also plays a part in this Big GovBig Corp
relationship Once a corporation grows in size they want to limitthe amount of new competition that enters the field to protect
their profits and influence Big Gov will enact regulations for
your safety of course which increases both the cost and
complexity of new small businesses to compete with the Big
Corp
Licensing is a good example of this type of regulation
Requirements to obtain a specific license restricts the number of
people that can legally enter the workforce in a specific sector
The stock brokerage profession is a great example All stock
brokers and money managers in the US are required to obtain a
license from FINRA which is a ldquoprivate organizationrdquo thatregulates the brokerage industry Remember this is a
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 517
180812 2126The Economics of a Corporation
Seite 5 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
supposedly private organization but its licenses are required by
the government
Corporations in a Free MarketCorporations could exist in a Free Market even without any
type of government intervention Since a corporation is nothing
more than like-minded people deciding to organize together for
a common cause they are free to do so As long as they do not
deny Life Liberty or Property to anyone else
The difference between a corporation in the Free Market and a
corporation which is granted special rights by Big Gov is that
the owners of the Free Market corporation would be personally
liable for all damages The owners of Big Corporations
currently have their personal assets protected and only thecorporationrsquos assets are legally liable when being sued In a
Free Market without such government intervention the owners
of the corporation would be liable for all damages since joining
together does not give them additional rights to shield their
assets from liability
It would be possible through contracts to tell potential clients
that the owners have pooled a certain amount of
resourcescapital together and that all of their other assets are
not subject to liability It would then be up to each of the
corporationrsquos clients and customers to decide if they want to do
business with such liability limitations If so they would sign
the contract with the corporation stating that they understand
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 617
180812 2126The Economics of a Corporation
Seite 6 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
that the corporationrsquos owners cannot be sued for more than the
assets owned by the corporation If not the potential clients
could refuse to work with such a group of people
Conclusion
The Freedom of Association the ability to pick the people that
you associate with allows for the ability for free people to come
together to form groups and organizations At times these
groups decide to produce a good or service and to provide it tothe general public in order to make a profit Hopefully this will
never change
Corporations at their very root are nothing more than this type
of organization The confusion comes in when Big Government
gives corporations special rights and privileges to shield legalliability and to limitrestrict competition These special rights
are not subject to natural law and it is not possible for people to
organize together and gain additional rights
The owners of corporations should be responsible and liable for
the damages caused by the market organization which they have
formed Removing this liability causes corporations to take
risks which they would otherwise not take because their personal
wealth is not at stake With the addition of special regulations
Big Gov and Big Corp can legally take advantage of the
customers and work together to benefit each other Big Gov
enjoys controlling Big Corp and industry for power purposes
and Big Corp enjoys the extra protection that Big Gov provides
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 717
180812 2126The Economics of a Corporation
Seite 7 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Enter text right here
Name Email Website (optional)
Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
Submit Comment
Post a new comment
Subscribe to None
Donate
We need your support
Donate Now
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 917
180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1017
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1117
180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
You are currently browsing comments If you
would like to return to the full story you ca
1 day ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
2 days ago
1 Comments
You are currently browsing comments If you
would like to return to the full story you ca
The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1317
180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
5 days ago
0 Comments
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6 days ago
6 Comments
You are currently browsing comments If you
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6 days ago
Categories
The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Archives
Banking
Capitalism
Civil Liberties
Economics
EducationEnvironment
Epistemology
Events
Foreign Policy
Health Care
HistoryIntellectual Property
Law
Lifestyle
Methodology
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PhilosophyPolitics
Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1517
180812 2126The Economics of a Corporation
Seite 15 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Links
June 2012
May 2012
April 2012
March 2012
February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
Home
LvMIC Daily
AboutBlog
Learn
Events
TASC
Media
Donate
contactmisesca
Log in
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 417
180812 2126The Economics of a Corporation
Seite 4 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
responsible for damages
Government makes friends with businesses by limiting the
amount of liability placed on the owners of a corporation This
wins votes money and power by selling their influence as wellas giving out new imaginary ldquorightsrdquo If the government told
you that you could rob or cheat someone without being held
personally liable would you be more inclined to rob more or
less people This influence peddling is Fascist and bridges the
gap between Big Government and Big Corporation
Unfortunately this friendship is all to common and exists innearly every country Bailouts are the most obvious example of
this mutual ldquofriendshiprdquo but the ramifications of government
interference runs deep
Regulation also plays a part in this Big GovBig Corp
relationship Once a corporation grows in size they want to limitthe amount of new competition that enters the field to protect
their profits and influence Big Gov will enact regulations for
your safety of course which increases both the cost and
complexity of new small businesses to compete with the Big
Corp
Licensing is a good example of this type of regulation
Requirements to obtain a specific license restricts the number of
people that can legally enter the workforce in a specific sector
The stock brokerage profession is a great example All stock
brokers and money managers in the US are required to obtain a
license from FINRA which is a ldquoprivate organizationrdquo thatregulates the brokerage industry Remember this is a
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 517
180812 2126The Economics of a Corporation
Seite 5 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
supposedly private organization but its licenses are required by
the government
Corporations in a Free MarketCorporations could exist in a Free Market even without any
type of government intervention Since a corporation is nothing
more than like-minded people deciding to organize together for
a common cause they are free to do so As long as they do not
deny Life Liberty or Property to anyone else
The difference between a corporation in the Free Market and a
corporation which is granted special rights by Big Gov is that
the owners of the Free Market corporation would be personally
liable for all damages The owners of Big Corporations
currently have their personal assets protected and only thecorporationrsquos assets are legally liable when being sued In a
Free Market without such government intervention the owners
of the corporation would be liable for all damages since joining
together does not give them additional rights to shield their
assets from liability
It would be possible through contracts to tell potential clients
that the owners have pooled a certain amount of
resourcescapital together and that all of their other assets are
not subject to liability It would then be up to each of the
corporationrsquos clients and customers to decide if they want to do
business with such liability limitations If so they would sign
the contract with the corporation stating that they understand
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 617
180812 2126The Economics of a Corporation
Seite 6 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
that the corporationrsquos owners cannot be sued for more than the
assets owned by the corporation If not the potential clients
could refuse to work with such a group of people
Conclusion
The Freedom of Association the ability to pick the people that
you associate with allows for the ability for free people to come
together to form groups and organizations At times these
groups decide to produce a good or service and to provide it tothe general public in order to make a profit Hopefully this will
never change
Corporations at their very root are nothing more than this type
of organization The confusion comes in when Big Government
gives corporations special rights and privileges to shield legalliability and to limitrestrict competition These special rights
are not subject to natural law and it is not possible for people to
organize together and gain additional rights
The owners of corporations should be responsible and liable for
the damages caused by the market organization which they have
formed Removing this liability causes corporations to take
risks which they would otherwise not take because their personal
wealth is not at stake With the addition of special regulations
Big Gov and Big Corp can legally take advantage of the
customers and work together to benefit each other Big Gov
enjoys controlling Big Corp and industry for power purposes
and Big Corp enjoys the extra protection that Big Gov provides
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 717
180812 2126The Economics of a Corporation
Seite 7 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Enter text right here
Name Email Website (optional)
Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
Submit Comment
Post a new comment
Subscribe to None
Donate
We need your support
Donate Now
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 917
180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1017
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1117
180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
You are currently browsing comments If you
would like to return to the full story you ca
1 day ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
2 days ago
1 Comments
You are currently browsing comments If you
would like to return to the full story you ca
The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1317
180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
5 days ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
6 days ago
6 Comments
You are currently browsing comments If you
would like to return to the full story you ca
6 days ago
Categories
The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Archives
Banking
Capitalism
Civil Liberties
Economics
EducationEnvironment
Epistemology
Events
Foreign Policy
Health Care
HistoryIntellectual Property
Law
Lifestyle
Methodology
Music
PhilosophyPolitics
Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1517
180812 2126The Economics of a Corporation
Seite 15 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Links
June 2012
May 2012
April 2012
March 2012
February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
Home
LvMIC Daily
AboutBlog
Learn
Events
TASC
Media
Donate
contactmisesca
Log in
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 517
180812 2126The Economics of a Corporation
Seite 5 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
supposedly private organization but its licenses are required by
the government
Corporations in a Free MarketCorporations could exist in a Free Market even without any
type of government intervention Since a corporation is nothing
more than like-minded people deciding to organize together for
a common cause they are free to do so As long as they do not
deny Life Liberty or Property to anyone else
The difference between a corporation in the Free Market and a
corporation which is granted special rights by Big Gov is that
the owners of the Free Market corporation would be personally
liable for all damages The owners of Big Corporations
currently have their personal assets protected and only thecorporationrsquos assets are legally liable when being sued In a
Free Market without such government intervention the owners
of the corporation would be liable for all damages since joining
together does not give them additional rights to shield their
assets from liability
It would be possible through contracts to tell potential clients
that the owners have pooled a certain amount of
resourcescapital together and that all of their other assets are
not subject to liability It would then be up to each of the
corporationrsquos clients and customers to decide if they want to do
business with such liability limitations If so they would sign
the contract with the corporation stating that they understand
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 617
180812 2126The Economics of a Corporation
Seite 6 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
that the corporationrsquos owners cannot be sued for more than the
assets owned by the corporation If not the potential clients
could refuse to work with such a group of people
Conclusion
The Freedom of Association the ability to pick the people that
you associate with allows for the ability for free people to come
together to form groups and organizations At times these
groups decide to produce a good or service and to provide it tothe general public in order to make a profit Hopefully this will
never change
Corporations at their very root are nothing more than this type
of organization The confusion comes in when Big Government
gives corporations special rights and privileges to shield legalliability and to limitrestrict competition These special rights
are not subject to natural law and it is not possible for people to
organize together and gain additional rights
The owners of corporations should be responsible and liable for
the damages caused by the market organization which they have
formed Removing this liability causes corporations to take
risks which they would otherwise not take because their personal
wealth is not at stake With the addition of special regulations
Big Gov and Big Corp can legally take advantage of the
customers and work together to benefit each other Big Gov
enjoys controlling Big Corp and industry for power purposes
and Big Corp enjoys the extra protection that Big Gov provides
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 717
180812 2126The Economics of a Corporation
Seite 7 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Enter text right here
Name Email Website (optional)
Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
Submit Comment
Post a new comment
Subscribe to None
Donate
We need your support
Donate Now
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 917
180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1017
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1117
180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
You are currently browsing comments If you
would like to return to the full story you ca
1 day ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
2 days ago
1 Comments
You are currently browsing comments If you
would like to return to the full story you ca
The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1317
180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
5 days ago
0 Comments
You are currently browsing comments If you
would like to return to the full story you ca
6 days ago
6 Comments
You are currently browsing comments If you
would like to return to the full story you ca
6 days ago
Categories
The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Archives
Banking
Capitalism
Civil Liberties
Economics
EducationEnvironment
Epistemology
Events
Foreign Policy
Health Care
HistoryIntellectual Property
Law
Lifestyle
Methodology
Music
PhilosophyPolitics
Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1517
180812 2126The Economics of a Corporation
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June 2012
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March 2011
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Capitalism Institute
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180812 2126The Economics of a Corporation
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
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180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
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that the corporationrsquos owners cannot be sued for more than the
assets owned by the corporation If not the potential clients
could refuse to work with such a group of people
Conclusion
The Freedom of Association the ability to pick the people that
you associate with allows for the ability for free people to come
together to form groups and organizations At times these
groups decide to produce a good or service and to provide it tothe general public in order to make a profit Hopefully this will
never change
Corporations at their very root are nothing more than this type
of organization The confusion comes in when Big Government
gives corporations special rights and privileges to shield legalliability and to limitrestrict competition These special rights
are not subject to natural law and it is not possible for people to
organize together and gain additional rights
The owners of corporations should be responsible and liable for
the damages caused by the market organization which they have
formed Removing this liability causes corporations to take
risks which they would otherwise not take because their personal
wealth is not at stake With the addition of special regulations
Big Gov and Big Corp can legally take advantage of the
customers and work together to benefit each other Big Gov
enjoys controlling Big Corp and industry for power purposes
and Big Corp enjoys the extra protection that Big Gov provides
7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
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Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
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180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
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batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
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The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
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Latest Blog Posts
7312019 The Economics of a Corporation
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Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
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Rights Reserved
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Login
kevin 0
ReportReply
Comment (1)Sort by Date Rating Last Activity
middot 1 day ago
This could do possibly more to level the playing field and fix the messes we are in
then almost anything else
This is an evil partnership and one that would not exist in a
truely Free Market where the individual and consumer have the
power and must be convinced through peaceful means to part
with their hard earned money
-Ashe
Recommended Watching Evil Monopolies are Fairy Tales In
Free Markets
Ashe Whitener is a financial adviser for Euro Pacific Bank and
currently resides in St Vincent and the Grenadines He manages
the blog page wwwMisesPiecescom where he tries to ldquoput
together the pieces of life and economicsrdquo Email Ashe at
awhitener (at) euro pac bankcom
Tags corporation magic rights regulations
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 817
180812 2126The Economics of a Corporation
Seite 8 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Enter text right here
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Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
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180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
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7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
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180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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Epistemology
Events
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Health Care
HistoryIntellectual Property
Law
Lifestyle
Methodology
Music
PhilosophyPolitics
Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1517
180812 2126The Economics of a Corporation
Seite 15 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Links
June 2012
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February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
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180812 2126The Economics of a Corporation
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Enter text right here
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Comment as a Guest or login
Displayed next to your comments Not displayed publicly If you have a website link to it here
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180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
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7312019 The Economics of a Corporation
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7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
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The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1317
180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
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HistoryIntellectual Property
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Lifestyle
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Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
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Links
June 2012
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February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
Home
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7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
Seite 9 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Tweet 4
Recommend this on Google
LvMIC Daily Newsletter
Debra Peter Jakub Feacutelix
Sebastian Devon Adam John
Ludwig von Mises
Institute of Canada onFacebook
2201 people like Ludwig von Mises
Institute of Canada
Like
Facebook social plugin
Like Sebastian Kwame Braun and
2200 others like this
7312019 The Economics of a Corporation
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7312019 The Economics of a Corporation
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180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
Latest Blog Posts
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1217
180812 2126The Economics of a Corporation
Seite 12 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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The Economics of a Corporation
Language Laws and Nationalism
Paul Ryan As a Fake
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180812 2126The Economics of a Corporation
Seite 13 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
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6 days ago
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Categories
The Smart Grid and Smart Meter Dangers to Your
Freedom
An Austrian view on High Frequency Trading
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1417
180812 2126The Economics of a Corporation
Seite 14 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
Archives
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EducationEnvironment
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Events
Foreign Policy
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HistoryIntellectual Property
Law
Lifestyle
Methodology
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PhilosophyPolitics
Politique
Regulation
Socialism
Trade
Uncategorized
War on Drugs
August 2012July 2012
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Links
June 2012
May 2012
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March 2012
February 2012January 2012
December 2011
November 2011
October 2011
September 2011
August 2011July 2011
June 2011
May 2011
April 2011
March 2011
February 2011January 2011
December 2010
Acting Man
Capitalism Institute
Cliff Kuumlles Notes
Freedomain Radio
LewRockwellcom
Liberal StudiesMichael Geist
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1617
180812 2126The Economics of a Corporation
Seite 16 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1717
180812 2126The Economics of a Corporation
Seite 17 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
416 624 8848
Ludwig von Mises Institute of Canada Copyright 2012 All
Rights Reserved
Home
LvMIC Daily
AboutBlog
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Events
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Media
Donate
contactmisesca
Log in
7312019 The Economics of a Corporation
httpslidepdfcomreaderfullthe-economics-of-a-corporation 1017
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180812 2126The Economics of a Corporation
Seite 11 von 17httpwwwmisescapostsblogthe-economics-of-a-corporation
The last comments for
An Austrian view on High Frequency Trading
batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
The last comments for
The Economics of a Corporation
kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
The last comments for
An Austrian view on High Frequency Trading
rodomarko
libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
The last comments for
The Smart Grid as the Slave Grid
Jessica Annis RPP
The City of Toronto is currently mandating the installation of smart water meters in
every
raquo 2 days ago
Comments by
Latest Comments
1 Comments
IntenseDebate
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batchppc
No Libertarians would not say everyone can do what they want or provide that
raquo 15 hours ago
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kevin
This could do possibly more to level the playing field and fix the messes we are in
then almost anythingraquo 23 hours ago
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libertarians would say that we should leave everyone to do whatever they want
that
raquo 2 days ago
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The City of Toronto is currently mandating the installation of smart water meters in
every
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
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The Freeman OnlineWalter Block
Ludwig von Mises
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
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The Quotable Mises
In the capitalist society there is a
place and bread for all Its ability to expand provides
sustenance for every worker Permanent unemployment is
not a feature of free capitalism -
contactmisesca
181 Vine Ave Toronto
Ontario M6P 1V9
Mises Academy
Mises Wiki
Misesorg
Stephan Kinsella
The Freeman OnlineWalter Block
Ludwig von Mises
Socialism
7312019 The Economics of a Corporation
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![Economics 12 [Stock Market] Introduction. What is a stock? A stock represents partial ownership of a corporation. When you buy shares of a stock, you.](https://static.fdocuments.us/doc/165x107/56649d7e5503460f94a61eb6/economics-12-stock-market-introduction-what-is-a-stock-a-stock-represents.jpg)
