Corporations Law

July 26, 2003 2:38 PM

Musing about yesterday's post on the “Snapster” idea, I started dredging up memories from when I was learning Company Law.

What occurred to me, was the well-known fact that the modern corporation exists as a means by which people can get involved in risky ventures, and then be protected from having to pay their debts by the government if the venture fails. Put that in your pipe and smoke it, Libertarians.

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