I’m fond of saying that corporations are neither moral nor immoral. I’m also fond of pointing out, to the irritation of some of my conservative and libertarian pals, that corporations are state-created and state-sustained paper fictions. Until government created the idea of a corporation, you only had individually owned businesses, family-owned businesses, and the occasional partnership. It took state power—Big Government power—to create the whole idea of a corporation, and it is only state power that gives a corporation “rights” or protects its owners from legal responsibility or accountability for that corporation’s actions.
I’m fond of saying that corporations are neither moral nor immoral. I’m also fond of pointing out, to the irritation of some of my conservative and libertarian pals, that corporations are state-created and state-sustained paper fictions. Until government created the idea of a corporation, you only had individually owned businesses, family-owned businesses, and the occasional partnership. It took state power—Big Government power—to create the whole idea of a corporation, and it is only state power that gives a corporation “rights” or protects its owners from legal responsibility or accountability for that corporation’s actions.