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<blockquote data-quote="zubenelgenubi" data-source="post: 4626797" data-attributes="member: 63706">Corporations are not capitalism. Corporations are a form of company, designed to limit personal liabilities of the owners, which allows them to take greater risks. This is what makes it possible to build bigger and bigger projects, and more and more complex products that make life easier for everyone. I find that the problem with this set up is that too much efficiency and too little personal liability does tend to lead to less freedom. That is not directly a fault of capitalism, it is laws that have unintended consequences.Co-ops can be incorporated, that fact alone disproves your assertion that Co-ops are socialism and corporations are capitalism. Other types of companies that can be formed in a capitalistic system are sole proprietorships, which allows the owner certain tax benefits, but leave them open to personal liability if someone were to come to harm due to their business activities. There are partnerships, which are multi-proprietorship companies. There are LLC&#039;s which are similar to corporations, but have different tax implications. Etc.Your views on using differing definitions makes me think of the story of the tower of babel. Some striking resemblances. Must be some allegorical value there.</blockquote>

[QUOTE="zubenelgenubi, post: 4626797, member: 63706"] Corporations are not capitalism. Corporations are a form of company, designed to limit personal liabilities of the owners, which allows them to take greater risks. This is what makes it possible to build bigger and bigger projects, and more and more complex products that make life easier for everyone. I find that the problem with this set up is that too much efficiency and too little personal liability does tend to lead to less freedom. That is not directly a fault of capitalism, it is laws that have unintended consequences. Co-ops can be incorporated, that fact alone disproves your assertion that Co-ops are socialism and corporations are capitalism. Other types of companies that can be formed in a capitalistic system are sole proprietorships, which allows the owner certain tax benefits, but leave them open to personal liability if someone were to come to harm due to their business activities. There are partnerships, which are multi-proprietorship companies. There are LLC's which are similar to corporations, but have different tax implications. Etc. Your views on using differing definitions makes me think of the story of the tower of babel. Some striking resemblances. Must be some allegorical value there. [/QUOTE]

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