A corporation is recognized by the state a private entity encompassing multiple individuals who each own a portion of the company, and are entitled to its profits, through shares. A corporation can be defined as anything from an association of individuals each holding a share of enterprise to a government agency operating in a limited area.Mercator Terra wrote:The Scandinvans wrote:With government intervention inside of markets, e.g. regulations and subsidies, you have the foundations for corporatism. The government can still exist in a free market acting only as a protector of property rights and maintaining a monopoly on the use of force, in such a society corporations could not physically force people to buy from them or abide by their whims.
There are no such things as corporations in a free market so how can you have corporatism in an unregulated economy? Corporations are state created.