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Back to Timeline !asklemmy @GreenTea
In reply to 2 earlier posts
@GreenTea@lemmy.org on lemmy.org Open parent
Could corporate entities exist without government charter?
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@WatDabney@sopuli.xyz on sopuli.xyz Open parent
No and yes… A business entity that is proactively protected from liability could not exist without government charter. However, a business entity could employ its own paramilitary and/or hire mercenaries and effectively make itself immune to liability, which works out to the same thing pretty much. And I’m reasonably certain that that’s the future - that corporations will continue to acknowledge and submit to governments only as long as it’s to their advantage to do so, and that when the costs outstrip the benefits, they’ll simply stop, and instead manage their properties as essentially states unto themselves. And at that point, whether or not they have an official declaration of their corporate identity will be irrelevant.
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GreenTea in !asklemmy
@GreenTea@lemmy.org · 9h
Could the paramilitary unit fund itself without legal tender laws from a state and government created fiat currency?
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