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Date: | Fri Mar 31 17:18:53 2006 |
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Rod Hay asks and asserts: "Does not the existence of corporate bodies
(collectivities) make these ideas inapplicable for modern society? No
matter how much the law tries to pretend that they are individuals."
Some others have written in support of Rod's point of view.
I don't see how the existence of corporations undermines the argument
for or about individualism. A corporation indeed may act differently
from some of its individual board members' intentions or the
feelings/intentions of some of its employees. But some of those who
feel disappointed with the corporation's decisions can always quit the
enterprise and find some other that may better suit their interests or
preferences. The corporation's share holders that do not like the
board's activities either may sell their shares or vote to dismiss the
board when they next have the opportunity to do so. I think Milton
Friedman illustrates these points very well in his _Capitalism and
Freedom_ (1962), although some may consider the title of that book
oxymoronic, especially, if they have not read it.
Indeed, the freedom to choose one's actions is often much greater when
dealing with corporations than with family members. Children can't
divorce their parents, parents can't sell their wayward children -- at
least not legally --, and without a great deal of compromising, couples
sign divorce papers.
The freedom to live according to one's personal preferences gets further
reduced in the political sphere or "marketplace." There losers in
elections must live with the dictates of the majority until the next
round of elections. In a dictatorship, socialist or otherwise, one has
three choices. Live with the dictates of the ruler(s), go to jail in
attempting to act on your own preferences, or leave the country, if you
can.
Thus, equality before the law may well be a legal fiction. After all
two attorneys commanding the same fees may deliver different
capabilities at trial. But democratic capitalism comes closest to
conferring that "equality" on individuals than any other form of
politico-economic organization. Alfred Marshall, in his _Industry and
Trade_ (1923), reflects this insight very well when he cautions against
the pursuit of socialistic schemes, although he harbored socialistic
aspirations, picked up from J.S. Mill.
James Ahiakpor
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