4 ms·
> thats the joke because western states don't dissolve corporations for bad actions We used to. We should start doing it again. While we're at it, any corpora
by Porthos9K 7y ago
> thats the joke because western states don't dissolve corporations for bad actions
We used to. We should start doing it again.
While we're at it, any corporation that wishes to operate in multiple states should be forced to incorporate at the Federal level. Congress has the authority to make this happen under the Commerce Clause.
They just don't have the courage.
- rolltiide 7y ago> While we're at it, any corporation that wishes to operate in multiple states should be forced to incorporate at the Federal level. Congress has the authority to make this happen under the Commerce Clause. Correct, Congress has never made incorporation statutes for private citizens and instead opts for one-off charters for sovereign agencies and corporations I only know of a couple countries with different incorporation statutes at different administrative levels and so far I'm only aware of one country that has state level and federal incorporation statutes
- dwd 7y agoThe problem is they are too big to fail: Not having a third-party offering real-time credit checks would tank our debt-driven world economy. The Government at every level are also customers. Having the Government nationalise them could be an effective punishment - but is this something you want the Government running instead?