Remix.run Logo
pjc50 4 hours ago

I don't think the problems of US corporations are due to being over-capitalized, they're all to do with interactions with the political and media sphere plus unnecessary conflict with the staff.

renewiltord 2 hours ago | parent [-]

If no corporation is allowed more than 1 million dollars (10 years of median income) then 10 average people can counter a single corporation. That’s a good ratio.

pjc50 an hour ago | parent [-]

It's also impossible to have a larger business than a restaurant, or almost any kind of technological or manufacturing industry. The limited liability corporation has existed for hundreds of years for a very good reason.

Heck, even things like shipping, the oldest insured industry, become impossible. Corporations used to have minimum capital requirements that were roughly in the region of a year's average income. https://www.doingbusiness.org/content/dam/doingBusiness/medi...

("corporation has too much money" and "individual has too much money" are different problems; Elon Musk is a problem in the way that Apple isn't)