Con_Alma;1245496 wrote:The differences are numerous including taxation levels, corporate veils protecting investors, liability limitations. Their rights and responsibilities are different than individuals. If they weren't there woudl be no reason to have them.
They truly exist making them far from artificial. They are very real.
Yes corporations are different than sole proprietorships and partnerships. They are offered exclusivities that in my opinion have deleterious effects on the free market system. Over the past twenty years or so, the government has done a good job in a few areas in limiting corporate's ability to circumvent unfair advantages..in particular, the corporate veil which used to mean zero liability for the management for malfeasance. More should be done in this area, as an inordinant number of corporate executives continue to escape criminal prosecution for blatant fraud as we have seen in the banking industry.
But really it isn't even the concept of incorporating businesses that has intelligent people pissed. It is the size and by default, the ability corporations have to muscle into the fairness that existed in Adam Smith's model of truly free market thinking. It no longer exists. Antitrust laws be damned. Oligopolies are the norm in big corporates. And this unmitigating power now has a disproportionate stranglehold on government. The corporatacracy that runs rampant today protects the corporate interests...especially for the globalists...and not the interests of the American people.