you have mischaracterized my remarks egregiously Tit-for-tat threads are the bane of on-line forums, and I refuse to get sucked into one. I will point to notes 228 and 240, say that I consider both to have been general-purpose slurs on corporaions-in-general, and end my participation on the subject of why I chopped up your stuff.
They were not. Private corporations, with protection from over scrutiny of the government but a high sense of fiduciary duty maintained by the courts of equity are a fundamental necessity. My point is that
publicly traded corporations are by and large irresponsible, absent any significant sense of fiduiciary duty, have lost the legacy of how to be responsible, and are becoming wards and ESTATES of the state by means of overly intrusive regulation and reporting requirements. I believe it is exceedingly difficult to find books of such public stock companies that are not in many siginifcant ways, fantasy.
While the stock market and mutual stock funds are a great pride and money belt to so many, I fear it is a sham of the biggest sort. Bondholders come first. What is not bankrupted will be left alive on the drip for the delight of the Federal fascists.