They argued against cronyism, mercantilism, corporatism, whatever you want to call it - not against the idea of corporations themselves. The State should not have the power to play favorites in the economy.
Corporations are innately Cronyistic, Mercantilist, and Corporatist. All of those concepts evolved from the existence of Corporations in the first place. You really need to start looking up where these words you are throwing around actually came from, because you are a grossly misusing some of them. That's not uncommon these days though.
The single most distinguishing characteristic of a corporation is limited liability. When a corporation fails, shareholders lose their investments, but they are not liable to pay back the banks for any debts the corporation took on. Banks agree to lend money to corporations with this understanding, and it is a calculated risk that they take. Limited liability encourages investment, and discourages debt. This is a double benefit!
Corporations also typically set up an organizational structure quite unlike a trust. They're a distinct sort of entity.
That's not Limited Liability. Limited Liability means that the participants and the customers can't sue you for improper issuance of shares or investment property. Limited Liability is what you have with a Trust or an LLC. An LLC is a misnomer, as it's not really a Corporation. There's no Charter or founding legal document required to form an LLC, just a payment to the local or Federal Government for the licensing.
A Trust is honest, because it keeps the people responsible for their actions while isolating their financial situation from their idiocy. It's almost the direct opposite of a Corporation.
You didn't even read what I wrote. I said corporations are amoral, and will use government to their advantage when they can. But without a willing government, corporations cannot use force.
Yes, I read what you wrote, but you are wrong. Corporations will use their own ability to project force even without a Government. You really need to go out study on the effects of the Corporation in Third World nations where there is little to no Government in the first place. De Beers would be a good example.
That's called grovelling. Pat my back, I'll pat yours, except only one party actually has *power*. That's the government, who has guns and tanks and the mob. Governments don't need corporations and governments can destroy the corporations.
"Money is Power", was a saying in the 80's. Politicians do not get re-elected without buying those positions, they have to make deals in order to get that money. The Corporations are the ones with the Money. Who has the power again?
LMAO!! The last time a Government tried destroying a Corporation int he US we had a Stock Market crash and Recession that was greater than all of the previous ones, that was 1907. The only one that ever truly superseded it was the crash of 1921. Governments can destroy Corporations LOL! Corporations are the largest organized institutions on the planet. There are some of them whose own Revenue flow rivals that of entire nations. Just check out Wal-Mart, or any of the JPM holdings. These are institutions that bail out countries, and they buy out other Corporations regularly.
Ethics is the study of morality, so you're spouting gibberish again. Good and evil are not 'flawed concepts.' If you know your values, you can determine rationally and objectively whether or not something is going to be good or evil. Politics is directly derived from ethics in philosophy. If you're an ethical nihilist and you don't believe in good or evil, that drives your politics just as much as someone who's an absolutist.
Wrong, the word Ethics was derived in Greece roughly 1800 years before the concept of Morality was created by the Catholic Church. Ethics is a the study of Principled action. Morality is the study of Right and Wrong.
There is nothing rational about determining "Good" and "Evil". They are both completely subjective and asinine terms that lead to nothing but Statism and war.
Politics is derived from Philosophical discussion between Individuals on how they want something done... It has nothing to do with Ethics or Morality. That's what got us into this mess in the first place, placing morality upon a damn pedestal and trying to serve some sort of twisted idealism of State.
I've gotten the Dr. Paul on this more than once every time he comes here to AZ. Every time he tells me that he knows the difference, but he's so used to calling it Morality, and most people do not understand the difference so he sticks to calling it Morality.
Like I said, corporations will use the gun of the government if it is available to be used. Their activities will reflect the legal and moral framework of the state. The state will use them when it suits their purpose, and crush them when that suits their purpose. I only wish more CEO's understood the double-edged nature of government.
They use the Governments gun, because it's easier and cheaper than them using their own. If you truly believe what you are stating here then I have to ask you to go read up on the Corporations that built the Railroads in this country were established and how they operated. I'm serious, go read up on it. You'll find exactly what i have told you here, in the absence of Government guns the Corporation will bring it's own. Statism is Statism, no matter the shape or form.
I'm not arguing for a utopia. I'm pointing out the simple logic of clearly delineating the role of government to one of a passive protector of property rights.
You are not using logic though. Logic would mean that you use precise language with properly worded statements where the etymology and the applied meaning correlate properly without contradiction. To put it politely, you haven't even come close to that here.
Finally, someone who gets it!
However, I think you give too much credit to the corporations themselves. The elites that control the money supply and the policy are more than just people who got rich from business. The framework for this nation and the people who currently control its policy have been around for a long time through generations. This isn't something all the corporations got together to decide yesterday, and they are not the only ones who had a strong hand getting people elected.
What you said about morality was spot on, though!
I've been writing about this topic for years. Morality was argued about by Hayek, and eventually Rothbard won out due to him still being alive. Event he origin of the word Morality can be traced to meaning a subjective measure of Good and Bad, as Morality was being determined by the Pope. The whole idea to use such a methodology is insane.
This. A lot of the people here sound like Marxists in their criticism of corporations.
It's so easy to stand back and use labels when a person says something you might not understand or do not like, because you do not understand it. Marx was all for Corporations, but in his form of Socialism they were called Co-op, or Co-operative and Communes. In the American form of Socialism, they are called Corporations.