Wow :), "demolishing the abomination of legal personhood" is not needed. We need to fight monopolies and demolish market entry barriers not the "legal person".
The legal personality is a fundemantal concept of our law system. For example states are legal persons, that is how you can sue the state and get compensation. Publicly traded incorporations on the other hand are a bit tricky. My professor always said these types of corporations are the greatest invention since the steam engine.
Maybe we could further this analogy. Banning steam engines would've probably sustained the growth of industralization. Without industralization we could avoid the inhuman treatment of workers, the pollution. But at the same time, we wouldn't have improved, we wouldn't get to achieve the level of productivity we have today.
On the other hand the law of corporations is getting insanely complex and it must be simplified.
It takes time and stability to cultivate a healthy law culture, and at our current state I believe that new advancements in this field of law will be made.
If we could minimize corruption and try to stick to a Randian ethics standard, whilst providing free and decent healthcare and education, I believe that the society will continue to improve. I think it's not the idea of the current market that sucks, the problem is at our implementation.
The legal personality is a fundemantal concept of our law system. For example states are legal persons, that is how you can sue the state and get compensation. Publicly traded incorporations on the other hand are a bit tricky. My professor always said these types of corporations are the greatest invention since the steam engine. Maybe we could further this analogy. Banning steam engines would've probably sustained the growth of industralization. Without industralization we could avoid the inhuman treatment of workers, the pollution. But at the same time, we wouldn't have improved, we wouldn't get to achieve the level of productivity we have today.
On the other hand the law of corporations is getting insanely complex and it must be simplified.
It takes time and stability to cultivate a healthy law culture, and at our current state I believe that new advancements in this field of law will be made.
If we could minimize corruption and try to stick to a Randian ethics standard, whilst providing free and decent healthcare and education, I believe that the society will continue to improve. I think it's not the idea of the current market that sucks, the problem is at our implementation.