Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Xipe Totec

(43,890 posts)

11. One thing that's often overlooked, is that corporations have to be incorporated

Reply to Warpy (Original post)

Wed Sep 16, 2020, 10:10 PM

Sep 2020

In other words, they must have a charter granting them existence.

The charter is granted by the states, and the states can decide what conditions to impose on such a grant.

The assumption is that the charter is granted for the good of the state and the people it represents.

If the corporation serves no useful purpose to the state, then there's no reason for it to exist.

Edit history

Please sign in to view edit histories.

17 replies

= new reply since forum marked as read

Highlight:

The 'free market' manifesto that broke America and led to Trumpism [View all] Warpy Sep 2020 OP

K&R for visibility. nt tblue37 Sep 2020 #1

Trump is a christofascist, corporate greed predates Friedman's essay. Thomas Hurt Sep 2020 #2

A corollary to this is detailed in Nancy McLean's book, "Democracy in Chains." alwaysinasnit Sep 2020 #3

K&R Share the hell out of this. IADEMO2004 Sep 2020 #4

Uncle Milty was like the 2naSalit Sep 2020 #5

In 1980 I was thinking about gong back to school and getting an MBA kimbutgar Sep 2020 #6

I always thought Friedman won that Nobel for the density of his prose Warpy Sep 2020 #7

Friedman, may have overlooked physics and more StClone Sep 2020 #8

Excellent post and thank you for it. yonder Sep 2020 #9

Kick lunasun Sep 2020 #10

One thing that's often overlooked, is that corporations have to be incorporated Xipe Totec Sep 2020 #11

I can't think of any corporation that has had its charter revoked by the state Warpy Sep 2020 #15

Friedman economics are utter BS. Lonestarblue Sep 2020 #12

Milton Friedman Was A Paid Shill DAngelo136 Sep 2020 #13

Its good to see others recognize what a PIG Friedman was... doctorzuma Sep 2020 #14

I hate capitalism I_UndergroundPanther Sep 2020 #16

Capitalism can be a good servant but it's a rotten master. Warpy Sep 2020 #17