re: #62 ArchangelMichael

In a laissez-faire capitalist system corporations cannot exist as they do today. They require all kinds of government intervention in the form of the legal fiction of “personhood” and framework of laws that gives them limited liability. Both laissez-faire capitalism and corporatism are horrible things in practice, but they are different things.

Laissez-faire capitalism leads to corporatism. If you don’t levy sufficient taxes to be able to provide basic services, then for-profit industry steps in and performs the service for those who can afford it. If you have money, it’s all the same, you get your services one way or the other. Those who pay the price are those who can’t afford to pay enough for services for them to be profitable to provide.