this post was submitted on 09 Aug 2024
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[–] LibertyLizard@slrpnk.net 10 points 2 years ago* (last edited 2 years ago) (2 children)

Incorporation is just a formality required by law. Corporations could still exist through internal cooperation without that, as long as there is no outside force that disrupts them.

In the absence of the state, a corporate structure can pursue its own coercive methods to maintain market dominance. And of course, some markets are naturally prone to monopoly due to the barriers to competition.

Anything the state can do, a large enough corporation can do as well. So this logic just doesn’t add up.

[–] LarmyOfLone@lemm.ee 7 points 2 years ago

But without a state above them to reinforce laws the corporation would have to enforce them. So they don't have to follow their own laws, and thus become something else. More like a warband of kingdom or junta.