“The ideal corporation is where I get all the treats and the other dogs get all my punishments.”
It’s not a trick question. It’s a trapped question.
As we have discussed, we set ourselves a trap with liability limitation. We wanted businesses to grow bigger and faster than mere persuasion and full liability would allow, so we set investors free from the consequences of their poor choices.
Bad move. As every well-paid think-tank stooge will tell you, a corporation is a fictional man, an indestructible Ironman erected from fungible human components and capable of super-human productivity.
But what do you get when Ironman bears no consequences for his predations?
Meet the new boss. Much worse than the old boss. Much worse yet to come, it would seem.
The solution to our problems is radical and may end up in bloodshed and extended impoverishment – extended poverty being humanity’s only reliable means of rediscovering reality.
But the solution to all corporate problems is easy: Outlaw liability limitation. You did it, you pay for it, asshole. If you don’t want to take responsibility for your investments, don’t invest. We have all the freeloaders we can bear at the other end of the economy.
Prove you’re in business and not on welfare: Get business off the tit.
In other news:
CNBC: Builders pull back as more homebuyers are priced out of the market.
Housing Wire: Mortgage applications fall amid market jitters.
CNBC: It’s official: The Covid recession lasted just two months, the shortest in U.S. history.
Redfin.com: Homebuyers Are Turning Back to Condos After Pandemic-Driven Slump. Oh, so there was market weakness. In multi-family? Big duh. But where was it worst, and where is it least-better now? “Pandemic” is Redfin for “rioting” – so what is the inverse TransitScore where condo values are going up? Meanwhile, what news on rentals in the rioted environs near Redfin?
Tristan Justice: These Americans Are So Fed Up With Portland And Sacramento They Want To Redraw State Borders.
American Thinker: Progressivism’s Collapse and Why it Matters.
The Federalist: White House’s Big Tech Collusion Proves The Market Versus Government Paradigm Is Dead.
