3 ms·
That's true of companies in general, but not of corporations, and we've loaded up the corporate structure with so many advantages that it's a deal hard to resis
by notacoward 7y ago
That's true of companies in general, but not of corporations, and we've loaded up the corporate structure with so many advantages that it's a deal hard to resist. There are a very few companies that stay private so that they can pursue goals other than maximum short-term profit at all costs, but as a practical reality corporations are the dominant form of business today. I wish we'd go back to having enforceable time-limited charters, as the only fair trade for all the benefits we extend to corporations, but that's not the world we live in right now.