[FRIAM] Democracy and evolution
Marcus G. Daniels
mgd at santafe.edu
Thu Dec 14 12:59:35 EST 2006
Douglass Carmichael wrote:
> Tweaking the
> charters towards some modest form of bias away from concentration is just a
> correction on the existing dependence of corporations on state regulation.
If the idea is to avoid the fragile concentration of power in the hands
of a small number of mere mortals (e.g. leaders that do dumb things and
impact many people for the worse), more changes than just the tax codes
(e.g. heavily taxing profits) would be needed as there'd still be the
possibility of reinvesting the earnings in the companies themselves.
The ways in which unregulated reinvestment could occur might easily
result in a different sort of concentration of power.
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