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I'm not talking about small African states having the ability to dissolve corporations, I'm talking about the United States of America.  An American corporation would be troubled to survive a concerted attack on it with state power, just as the East India Company would have had a heck of a time conquering India were it not explicitly supported by the British Crown.

This is not an argument about probability - there is absolutely zero probability of the US government dissolving Exxon Mobil in the current environment.  I'm just saying that in a serious showdown of actual coercive and legal authority between the two forces Exxon Mobil would not win.  An easily forgotten fact behind the current corporate capture of our government is that it's most important aim is to prevent such a thing from ever occurring.

by Zwackus on Sat Jan 23rd, 2010 at 11:50:33 PM EST
[ Parent ]
Certainly, but I believe that was redstar's point too.

But if you simply dismantle the state without doing anything about corporate power first, then the state won't have the power to bring the corporate power structure to heel.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jan 24th, 2010 at 06:22:17 AM EST
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