A note on corporations and coercion

Corporations, rationally conceived and implemented, cannot be coercive since the purchase of stocks cannot be forced upon anyone, not with the freedom of association of those who own stocks upheld in law. As noted already, only because nearly everything in a country had been a “creature of the state” were corporations so understood. But that is not part of the nature of the organization. You could have had orchestras set up by the state–and indeed they were in all the monarchies with their state supported music–just as in the USSR all sports were state established and maintained. None of this makes music or soccer or track and field coercive endeavors. As to the term “public” in “public corporations” it means no more than that anyone may purchase stocks, just as “public” in “public telephone” means merely that members of the public may use it if they pay.

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