Post by @davel

In reply to 5 earlier posts

@GreenTea@lemmy.org on lemmy.org Open parent

Could corporate entities exist without government charter?

Open parent Original URL

@davel@lemmy.ml on lemmy.ml Open parent

Corporations can only exist if a state creates & enforces corporate law.

Open parent Original URL

@GreenTea@lemmy.org on lemmy.org Open parent

Would they exist without a government?

Open parent Original URL

@davel@lemmy.ml on lemmy.ml Open parent

Corporations are construct of law. They can’t exist without a government to enforce corporate law through its monopoly on violence.

Open parent Original URL

@GreenTea@lemmy.org on lemmy.org Open parent

A government can create unlimited currency via an act of congress. Can a corporation create unlimited money when it wants to?

Open parent Original URL

davel in !asklemmy

@davel@lemmy.ml · 9h

Anyone can create their own money. Consider Bitcoin. The hard part is getting people to use it. Corporation can print corporate shares, though the more shares they print, the less each share is worth. You can’t buy a pack of gum with corporate shares, though, so I wouldn’t call in money or currency. Private banks can print money, but not an an unlimited amount. They can only print as much as the government allows, and it can only be created as the principal of a loan, and the money is destroyed as the borrower pays down the principal.

View on lemmy.ml

Comments (2)

Showing 0 of 2 cached locally.

Syncing comments from the remote thread. 2 more replies are still loading.

Loading comments...

About Community

Asklemmy

!asklemmy@lemmy.ml

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it’s welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

54001

Members

9199

Posts

Created: April 25, 2019

View All Posts