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The myth of the corporation as a creation of the state International Review of Law and Economics https://www.sciencedirect.com/science/article/abs/pii/0144818

• jessaustin 7y ago
  I'm not going to pay $36 to read that (did you?), but the abstract says this: The general movement to joint stock enterprise could not take place until certain economic and legal changes had been effected … The legal change was the substitution of the law of corporations for the law of partnership in company affairs. Investors could then invest safely and full exploitation of the economic changes became possible. Of course, no thinking person needs to read a legal brief to realize what a gigantic difference exists with respect to liability, between partnerships and corporations. No actual human being is ever held responsible for the evil done by corporations. Therefore, they continue to do more and more evil. Every time we complain, we're lectured that "their only responsibility is to their shareholders!" If that's the case, it's not because God wrote that on a stone tablet. It is directly a result of the statutes that create the corporation. The laws that legislatures pass, they can change.