The paper criticizes the corporation from a liberal-capitalist point of view, arguing that incorporation violates the rights and responsibilities of private ownership. Aspects of current capitalist practice which popularly invite criticism from anti-capitalist commentators (e.g., undue power concentration, speculative instability and excessive growth/profit orientation) are traced back to the corporate form rather than to genuinely capitalist institutions such as private property and free exchange. Some disadvantages connected to the proposed repeal of incorporation for private enterprise are discussed. Copyright 1997 by Taylor and Francis Group
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