RE: Ayn Rand Institute Responds to My Critique on Corporations

From: Phil Osborn (philosborn2001@yahoo.com)
Date: Thu Sep 19 2002 - 00:41:49 MDT


Sorry, rushed for time previous and now:

As I mentioned in a prior post, the 9/9/02 lecture
sponsored by the Ayn Rand Institute was standing room
only. It will be interesting to see if the subject of
defending America's corporations draws a similar
crowd. I note that throughout the lecture on
America's proper response to 9/11 various people
walked out, apparently in protest or disgust. The
walkouts probably constituted less than 3% of the
total I would guesstimate.

Various people on this list have in the past indicated
general agreement with my position on corporations:
that the very genesis as well as structure of a
corporation is a crime in itself, a private law above
the common law. What gives the state the right to
grant a group of people absolution for their actions?
Yet that is the whole point of the corporation, as
opposed to other purely market mechanisms for
investment and capitalization.

The limited liability imposed by state fiat is the
carrot to attract businesspeople to the corporate
fold, in which they also give up all their basic civil
rights in the process and put their business under
bureaucratic rule. The wealthy individuals who
financed the progressive "trust busting" knew that
they would control the political/bureaucratic process
and steer it in directions to guarantee their place in
society as part of a new aristocracy. We see the end
game for the corporate limit on liability in instances
such as ENRON or WorldCom. And worse is to come...

This looks like an interesting opportunity to bring
these ideas to greater light. I suggest that those
who might be able to do so might attend if feasible.

__________________________________________________
Do you Yahoo!?
New DSL Internet Access from SBC & Yahoo!
http://sbc.yahoo.com



This archive was generated by hypermail 2.1.5 : Sat Nov 02 2002 - 09:17:09 MST