Quote from: grondilu on May 22, 2011, 08:47:02 PM

Quote from: G on May 22, 2011, 07:56:15 PM

Wow. There are things about the world you are evidently yet to discover. Consider the legal status of the corporation.

Ok. My bad. I totally forgot about this legal status thing, especially the limited liability part and stuffs like that.

I already had such a discussion with a so called left libertarian, and as a share holder myself, this gave me a freaking headache.

He claimed that modern capitalism is based on this limited liability legal thing, as share holders don't have to respond to what the company does, at least not beyond what they personnaly invested. So to him the state protects shareholders from legal and moral responsbilities that could be engaged by the company. Then left liberals use this as a reason/excuse to do other state-involved stuffs such as universal dividends and stuffs like that.

This personnaly gives me nausea. Anyway, I just hope that at some point shareholdings will be truly anonymous (which is only possible with a truly anonymous currency), so that companies will not need the help of the state anymore in order to protect their shareholders.

christ.