KOL 026 | FreeDomain Radio with Stefan Molyneux discussing Corporations and Limited Liability

by Stephan Kinsella on February 28, 2013

in Kinsella on Liberty Podcast,Law,Libertarianism

Kinsella on Liberty Podcast, Episode 026.

This is FreeDomain Radio episode 2336, in which host Stefan Molyneux and I discussed libertarian aspects of corporations and limited liability law. (Originally recorded Feb. 22, 2013, released by FDR on Feb. 26.)

For more on this issue see my Libertarian Standard post Corporate Personhood, Limited Liability, and Double Taxation.

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{ 2 comments… read them below or add one }

Alan Chapman February 28, 2013 at 7:56 pm

I don’t think that massively huge firms would exist in a free-market. Mega corporations engulfing the planet is science fiction. The dissociation of internal transaction costs from market prices, and diseconomies of scale, would impose an upper limit on size. I think it was Roderick Long who referred to them as “islands of central planning in an ocean of markets” and you mentioned the ECP in the video. Among the reasons why some firms grow so large is because State impediments function like cordons which funnel capital in their direction. The unnatural revenue stream offsets losses.

Scaled Composites and SpaceX are examples of small firms which build airplanes and space vehicles.

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